Euronet Worldwide (NASDAQ:EEFT) Price Target Cut to $180.00

Euronet Worldwide (NASDAQ:EEFT) had its target price cut by investment analysts at SunTrust Banks from $190.00 to $180.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ price objective would suggest a potential upside of 21.57% from the company’s current price.

Several other equities analysts also recently issued reports on EEFT. BidaskClub downgraded shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Citigroup upped their price objective on shares of Euronet Worldwide from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Needham & Company LLC reissued a “buy” rating and set a $175.00 price objective on shares of Euronet Worldwide in a research note on Tuesday. ValuEngine raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, DA Davidson upped their price objective on shares of Euronet Worldwide from $174.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $176.56.

Shares of EEFT opened at $148.06 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.04 and a beta of 0.99. The company’s 50 day simple moving average is $159.83 and its 200 day simple moving average is $152.91. Euronet Worldwide has a 1 year low of $128.08 and a 1 year high of $171.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $693.70 million for the quarter, compared to the consensus estimate of $712.40 million. Euronet Worldwide had a net margin of 11.10% and a return on equity of 26.78%. Equities analysts expect that Euronet Worldwide will post 6.71 EPS for the current fiscal year.

In related news, SVP Martin L. Bruckner sold 12,893 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $153.97, for a total transaction of $1,985,135.21. Following the completion of the transaction, the senior vice president now owns 17,898 shares of the company’s stock, valued at $2,755,755.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin J. Caponecchi sold 8,565 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $154.00, for a total transaction of $1,319,010.00. Following the transaction, the chief executive officer now directly owns 85,064 shares of the company’s stock, valued at approximately $13,099,856. The disclosure for this sale can be found here. Insiders have sold 92,213 shares of company stock valued at $14,438,152 in the last ninety days. 6.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of EEFT. Usca Ria LLC acquired a new stake in shares of Euronet Worldwide in the third quarter worth $29,000. California Public Employees Retirement System increased its position in shares of Euronet Worldwide by 29.3% in the third quarter. California Public Employees Retirement System now owns 104,789 shares of the business services provider’s stock worth $15,331,000 after acquiring an additional 23,777 shares in the last quarter. First Trust Advisors LP increased its position in shares of Euronet Worldwide by 32.5% in the third quarter. First Trust Advisors LP now owns 130,708 shares of the business services provider’s stock worth $19,123,000 after acquiring an additional 32,044 shares in the last quarter. Psagot Investment House Ltd. increased its position in shares of Euronet Worldwide by 150.0% in the third quarter. Psagot Investment House Ltd. now owns 4,500 shares of the business services provider’s stock worth $658,000 after acquiring an additional 2,700 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Euronet Worldwide by 42.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 506,889 shares of the business services provider’s stock worth $79,865,000 after acquiring an additional 151,820 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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