Euronet Worldwide Inc. (NASDAQ: EEFT) Gets A 13.58% Target Price Upside From Analysts While 53.88% Above Its 52-Week Low

Euronet Worldwide Inc. (NASDAQ:EEFT) does about 293.06K shares in volume on a normal day but saw 272969 shares change hands in Friday trading. The company now has a market cap of 5.44B USD. Its current market price is $110.18, marking a decrease of -1.04% compared to the previous close of $111.34. The 52 week high reached by this stock is $141.20 whilst the lowest price level in 52 weeks is $71.60. The script in recent trading has seen the stock touch a high of $110.96 and a low of $109.195.

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Euronet Worldwide Inc. (EEFT) has a 20-day trading average at $112.92 and the current price is -21.97% off the 52-week high compared with 53.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $102.98 and its 200-day simple moving average is $97.59. If we look at the stock’s price movements over the week, volatility stands at 2.81%, which increases to 2.98% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.30 to suggest the stock is neutral.

11 analysts observing the Euronet Worldwide Inc. (EEFT) stock have set the 12-month price targets for the company’s shares at between $98.00 and $140.00. The consensus objective for the share price is $125.50, suggesting that the stock has a potential upside of 12.21% over the period. The median price target is 13.58% away from the current levels at $127.50.

FactSet Research has provided data showing that 11 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 0 advise that it is a overweight. 7 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 23, 2023 when Citigroup downgraded the stock to “Neutral” and issued a price target of $117. Wolfe Research also downgraded the stock to “Underperform” from Peer Perform on January 05, 2023 at a price target of $98. Keefe Bruyette downgraded its price target at $124-$90.

The current price level is -2.37%, 7.41%, and 12.82% away from its SMA20, SMA50, and SMA200 respectively, with the EEFT price moving above the 50-day SMA on February 17. Euronet Worldwide Inc. (EEFT) stock is down -2.59% over the week and 3.53% over the past month. Its price is 16.74% year-to-date and -21.81% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/30/2022, with the company’s earnings per share (EPS) of $1.39 above consensus estimates by $0.15. The company’s next earnings report is expected on 04/26/2023, with forecasts estimating quarterly EPS at $0.87 and $7.56 for whole year. EEFT’s earnings per share are forecast to grow by 16.10% this year and 16.30% over next year. Expected sales for next quarter are $927 million, which analysts say will come at $3.71 billion for the current fiscal year and next year at $4.08 billion. In addition, estimates put the company’s current quarterly revenue at an average of $768.77 million.

Its 12-month price target is $127.50. To reach the target analysts have set, the stock logically needs to grow 12.21 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $98.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $140.00.

Outstanding shares total 49.58M with insiders holding 5.25% of the shares and institutional holders owning 98.38% of the company’s common stock. The company has a return on investment of 4.40% and return on equity of 12.30%. The price to earnings ratio (P/E ratio) amounts to 25.27 while the forward price to earnings ratio is 12.53. The beta has a value of 1.35. Price to book ratio is 5.32 and price to sales ratio is 1.62.

According to a U.S. Securities and Exchange Commission filing, Allspring Special Mid Cap Value F has added its position in Euronet Worldwide Inc. (EEFT) to 2,279,100 shares, mirroring a recent increase by 0.15%. Allspring Special Mid Cap Value F added 3500.0 shares of Euronet Worldwide Inc. common stock bringing its total worth to about $256.81 million at the end of recent close, SEC documents show. Allspring Special Mid Cap Value F isn’t the only investment manager who changed stakes and is followed by American Funds Small Cap World Fu, which added 0.42 million shares to end up with 1,553,887 shares worth $175.09 million. iShares Core S&P Mid Cap ETF cut their holdings by -0.19% in the company over the course of the most recent quarter. It now holds a 2.95% position in Euronet Worldwide Inc. thanks to 1.46 million shares amounting to $165.01 million.

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