Street Calls of the Week
Euronet Worldwide Inc (EEFT) stock reached a 52-week low, closing at 85.1 USD. According to InvestingPro data, the stock appears undervalued, with analysts setting price targets between $100 and $145. The company maintains strong fundamentals with a Piotroski score of 8, suggesting robust financial health. This marks a significant point for the company, reflecting a challenging year in which the stock has experienced a decline of 15.52% over the past 12 months. The drop to this 52-week low underscores the pressures facing the company in the current market environment. Trading at a P/E ratio of 11.35, InvestingPro analysis indicates the stock is in oversold territory, with management actively buying back shares. Investors are closely monitoring Euronet’s performance as it navigates these challenges, with hopes for a potential rebound in the coming months. For deeper insights and additional ProTips about EEFT, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Euronet Worldwide has announced the pricing of $850 million in 0.625% Convertible Senior Notes due 2030, with an option for initial purchasers to acquire an additional $150 million in notes. This offering is set to close shortly, with the notes maturing in October 2030. Additionally, Euronet has partnered with Dandelion to facilitate near-instant cross-border payments into digital wallets, initially launching in several countries, including the Philippines and Indonesia. In another development, DA Davidson has reiterated its Buy rating for Euronet Worldwide, maintaining a price target of $130. This follows Euronet’s agreement to acquire CoreCard Corporation in a stock transaction. Separately, Paysign, Inc. has appointed Dan Henry as its new Chairman of the Board, succeeding Mark Newcomer. Henry, who has a history with Euronet, brings extensive fintech leadership experience to his new role. These developments highlight significant strategic moves and leadership changes within these companies.
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