Analyst Price Target Update on Euronet Worldwide (NASDAQ:EEFT)

Euronet Worldwide (NASDAQ:EEFT) shares are expected to touch $85.5 in the short term. This short term price target has been shared by 4 analysts. However, the standard deviation of short term price estimate has been valued at 2.65. The target price could hit $89 on the higher end and $83 on the lower end.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Monness Crespi Hardt, downgrades their rating on the shares of Euronet Worldwide (NASDAQ:EEFT). Monness Crespi Hardt has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 10, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Euronet Worldwide Inc, Strandjord M Jeannine, had purchased 2,000 shares in a transaction dated on February 19, 2016. The transaction was executed at $66.38 per share with total amount equaling $132,760.

Euronet Worldwide (NASDAQ:EEFT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.83 points or 1.06% at $77.73 with 936,564 shares getting traded. Post opening the session at $78.21, the shares hit an intraday low of $77.52 and an intraday high of $78.73 and the price was in this range throughout the day. The company has a market cap of $4,046 million and the number of outstanding shares have been calculated to be 52,046,570 shares. The 52-week high of Euronet Worldwide (NASDAQ:EEFT) is $82.49 and the 52-week low is $52.

Euronet Worldwide, Inc. (Euronet) is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. The Company operates in three segments: The EFT Processing Segment, which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services; The epay Segment, which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products, cards and services, and the Money Transfer Segment, which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.

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