Net 1 Ueps Technolog Rating Reiterated by Janney Montgomery Scott (UEPS)
Net 1 Ueps Technolog (NASDAQ:UEPS)‘s stock had its “fair value” rating reaffirmed by equities researchers at Janney Montgomery Scott in a research report issued on Friday, Stock Ratings Network.com reports. They currently have a $14.00 price objective on the stock, up from their previous price objective of $12.00. Janney Montgomery Scott’s target price would indicate a potential upside of 45.53% from the stock’s previous close.
Net 1 Ueps Technolog (NASDAQ:UEPS) traded up 18.04% during mid-day trading on Friday, hitting $9.62. 758,512 shares of the company’s stock traded hands. Net 1 Ueps Technolog has a 1-year low of $5.38 and a 1-year high of $13.00. The stock has a 50-day moving average of $8.46 and a 200-day moving average of $9.83. The company has a market cap of $434.9 million and a price-to-earnings ratio of 21.39.
Net 1 Ueps Technolog (NASDAQ:UEPS) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.09. The company had revenue of $137.00 million for the quarter, compared to the consensus estimate of $120.40 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that Net 1 Ueps Technolog will post $1.30 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Net 1 Ueps Technolog from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 22nd. They now have a $9.60 price target on the stock.
Net 1 UEPS Technologies, Inc (NASDAQ:UEPS) provides a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies.