Euronet (EEFT) is Upgraded by Monness Crespi & Hardt to Buy, Price Target at $86

Euronet (EEFT) is Upgraded by Monness Crespi & Hardt to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $86. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-23-2015.

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) ended Thursday session in red amid volatile trading. The shares closed down 1.03 points or 1.39% at $73.14 with 372,110 shares getting traded. Post opening the session at $74.39, the shares hit an intraday low of $73.08 and an intraday high of $75.22 and the price vacillated in this range throughout the day. The company has a market cap of $3,863 million and the number of outstanding shares has been calculated to be 52,811,936 shares. The 52-week high of Euronet Worldwide, Inc. (NASDAQ:EEFT) is $82.49 and the 52-week low is $44.96.

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received a short term rating of strong buy from research analysts at Zacks with a rank of 1. The company has been rated an average of 1.8 by 5 Wall Street Analysts. 3 analysts have added the shares in their list of strong buys. 2 broker firms have advised hold.

Euronet Worldwide, Inc. (NASDAQ:EEFT) stock has received a short term price target of $ 85 from 3 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $10.44. The higher estimate of target price is $97 , while the lower price target estimate is $78

Euronet Worldwide, Inc. has lost 2.11% in the last five trading days and dropped 5.77% in the last 4 weeks. Euronet Worldwide, Inc. is up 6.37% in the last 3-month period. Year-to-Date the stock performance stands at 33.22%.”

Euronet Worldwide, Inc. (Euronet), is a global electronic payments provider. The Company offer payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its primary product offerings include automated teller machine (ATM), point-of-sale (POS) and card outsourcing services, electronic distribution of prepaid mobile airtime and other electronic payment products, and global consumer money transfer services. As of December 31, 2013, the Company operates in three segments: the EFT Processing Segment, the epay Segment and the Money Transfer Segment. In January 2013, the Company acquired Pure Commerce. In May 2014, Euronet Worldwide Inc acquired HiFX.