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Lake Street Reaffirms a Buy Rating on Euronet (NASDAQ:EEFT) and $106.0 Target

NewYork Euronet NASDAQ:EEFT

Euronet (NASDAQ:EEFT) Rating Reiterated

Lake Street have a $106.0 TP on the stock. The TP means a potential upside of 33.37 % from Euronet (NASDAQ:EEFT)’s previous close. This rating was revealed in an analyst note on Thursday, 8 February.

NASDAQ:EEFT is currently trading -0.82% lower at $96.85 as of 4:06 PM New York time. Euronet’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has increased 6.00% over the same time.

Out of 6 analysts covering Euronet, 8 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $89 and the lowest is $82 according to Thomson/First Call. The 12-month mean target is $85.33, which means downside potential of 11.89% over the current price.

Institutional Ownership

G2 Investment Partners Management Llc had the biggest stake with ownership of 127,025 shares as of Q2 2015 for 4.77% of the fund’s portfolio. Riggs Asset Managment Co. Inc. is another notably bullish investment professional who is possessing 99,773 shares of Euronet or 4.23% of their fund’s portfolio. In addition, Shannon River Fund Management Llc have 3.49% of their fund’s portfolio invested in the company for 153,288 shares. The Texas-based fund First Houston Capital Inc. revealed it had bought so far a stake worth about 2.89% of the investment professional’s stock portfolio in Euronet. The Quebec – Canada-based fund Van Berkom & Associates Inc. is also positive about the stock, possessing 35,100 shares or 2.81% of their fund’s portfolio.

Euronet (NASDAQ:EEFT) Profile

Euronet Worldwide, Inc. is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

Euronet (NASDAQ:EEFT) traded down -0.82% on 8 February, hitting $96.85. A total of 182,621 shares of the company’s stock traded hands. This is down from average of 270,025 shares. Euronet has a 52 week low of $70.51 and a 52 week high of $98.55. The company has a market cap of $5.09B and a P/E ratio of 31.14.

Get the latest Euronet (NASDAQ:EEFT) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Lake Street Reaffirms a Buy Rating on Euronet (NASDAQ:EEFT) and $106.0 Target appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Lake Street Reaffirms a Buy Rating on Euronet (NASDAQ:EEFT) and $106.0 Target

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