Euronet Worldwide (NASDAQ:EEFT) Stock Price Expected to Rise, Oppenheimer Analyst Says

Euronet Worldwide (NASDAQ:EEFT) had its price objective lifted by investment analysts at Oppenheimer from $121.00 to $135.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price indicates a potential upside of 28.05% from the company’s current price.

EEFT has been the subject of several other reports. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. DA Davidson reissued a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC dropped their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.13.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $105.43 on Monday. The stock has a 50-day simple moving average of $100.15 and a 200 day simple moving average of $103.64. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide has a 12-month low of $86.26 and a 12-month high of $117.66. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 15.41 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $2.53 earnings per share. On average, research analysts anticipate that Euronet Worldwide will post 7.87 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This represents a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.50% of the stock is currently owned by company insiders.

Institutional Trading of Euronet Worldwide

Large investors have recently bought and sold shares of the business. Summit Securities Group LLC bought a new stake in Euronet Worldwide during the 2nd quarter worth approximately $57,000. GAMMA Investing LLC increased its stake in Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after purchasing an additional 241 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Euronet Worldwide during the 2nd quarter worth approximately $80,000. Mendota Financial Group LLC bought a new stake in Euronet Worldwide during the 3rd quarter worth approximately $100,000. Finally, Headlands Technologies LLC increased its stake in Euronet Worldwide by 131.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock worth $110,000 after purchasing an additional 605 shares in the last quarter. 91.60% of the stock is owned by 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. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.