In a report released yesterday, Michael Grondahl from Northland Securities maintained a Buy rating on Euronet Worldwide (EEFT), with a price target of $175. The company’s shares closed yesterday at $165.36, close to its 52-week high of $171.25.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 16.7% and a 58.6% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Euronet Worldwide with a $179.67 average price target, which is an 8.7% upside from current levels. In a report issued on July 19, Citigroup also maintained a Buy rating on the stock with a $189 price target.
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The company has a one-year high of $171.25 and a one-year low of $84.03. Currently, Euronet Worldwide has an average volume of 401.7K.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.
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Euronet Worldwide, Inc. engages in the provision of electronic payment and transaction processing solutions for financial institutions, retailers, service providers and individual consumers. It operates through the following business segments: EFT Processing, Epay and Money Transfer.
