UBS Group Lowers Euronet Worldwide (NASDAQ:EEFT) Price Target to $158.00

Posted by MarketBeat News on Aug 2nd, 2022

Euronet Worldwide (NASDAQ:EEFT – Get Rating) had its price objective decreased by UBS Group from $174.00 to $158.00 in a research report sent to investors on Friday morning, MarketBeat reports. UBS Group currently has a buy rating on the business services provider’s stock.

EEFT has been the topic of several other reports. Keefe, Bruyette & Woods dropped their target price on Euronet Worldwide from $164.00 to $140.00 in a research report on Monday, July 11th. DA Davidson decreased their price objective on Euronet Worldwide from $170.00 to $150.00 in a research note on Friday. Truist Financial cut their target price on Euronet Worldwide from $185.00 to $130.00 and set a maintains rating for the company in a research report on Friday. Citigroup cut their target price on Euronet Worldwide from $170.00 to $145.00 in a research report on Sunday, July 24th. Finally, StockNews.com began coverage on Euronet Worldwide in a research report on Thursday, March 31st. They set a hold rating for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $140.43.

Euronet Worldwide Trading Down 2.3 %

Shares of NASDAQ:EEFT opened at $96.04 on Friday. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 37.52 and a beta of 1.33. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.77 and a current ratio of 1.51. The stock’s 50-day simple moving average is $105.82 and its two-hundred day simple moving average is $119.05. Euronet Worldwide has a 52-week low of $92.88 and a 52-week high of $149.92.

Institutional Investors Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Missouri Trust & Investment Co purchased a new stake in Euronet Worldwide during the fourth quarter valued at approximately $51,000. James Reed Financial Services Inc. bought a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $52,000. Toth Financial Advisory Corp lifted its stake in shares of Euronet Worldwide by 125.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 450 shares of the business services provider’s stock worth $45,000 after acquiring an additional 250 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Euronet Worldwide during the 4th quarter valued at $59,000. Finally, Covestor Ltd grew its position in Euronet Worldwide by 634.1% in the 1st quarter. Covestor Ltd now owns 903 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 780 shares during the last quarter. 94.42% of the stock is currently owned by hedge funds and other institutional investors.

About Euronet Worldwide

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Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.