BidaskClub upgraded shares of Cardtronics (NASDAQ:CATM) from a buy rating to a strong-buy rating in a research report released on Thursday.
A number of other analysts have also recently issued reports on the company. Bank of America set a $19.00 price objective on Cardtronics and gave the stock a sell rating in a report on Wednesday, February 21st. Zacks Investment Research cut Cardtronics from a hold rating to a sell rating in a report on Friday, January 26th. Barrington Research reissued a hold rating on shares of Cardtronics in a report on Sunday, February 25th. SunTrust Banks raised their price target on Cardtronics to $30.00 and gave the company a buy rating in a report on Wednesday, February 21st. Finally, Wells Fargo raised Cardtronics from a market perform rating to an outperform rating and set a $29.00 price target on the stock in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Cardtronics currently has a consensus rating of Hold and an average price target of $27.80.
CATM traded down $0.58 during trading on Thursday, reaching $29.13. 130,756 shares of the company were exchanged, compared to its average volume of 722,609. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.93 and a beta of 0.87. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.91. Cardtronics has a 12-month low of $29.20 and a 12-month high of $29.68.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data on Thursday, May 3rd. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The business had revenue of $336.20 million for the quarter, compared to analysts’ expectations of $311.11 million. Cardtronics had a positive return on equity of 29.50% and a negative net margin of 9.91%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. research analysts forecast that Cardtronics will post 1.38 earnings per share for the current fiscal year.
In other Cardtronics news, major shareholder Hudson Executive Capital Lp purchased 63,100 shares of the stock in a transaction on Thursday, March 29th. The shares were purchased at an average price of $22.47 per share, with a total value of $1,417,857.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph Bradley Nolan acquired 5,725 shares of Cardtronics stock in a transaction dated Wednesday, March 7th. The shares were purchased at an average price of $26.16 per share, for a total transaction of $149,766.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,049,830 shares of company stock worth $49,531,063. Insiders own 0.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of Cardtronics by 2.4% during the 1st quarter. Prudential Financial Inc. now owns 76,362 shares of the business services provider’s stock valued at $1,704,000 after purchasing an additional 1,800 shares during the last quarter. Legal & General Group Plc increased its position in shares of Cardtronics by 2.4% during the 1st quarter. Legal & General Group Plc now owns 95,717 shares of the business services provider’s stock valued at $2,144,000 after purchasing an additional 2,220 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Cardtronics by 8.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 30,878 shares of the business services provider’s stock valued at $689,000 after purchasing an additional 2,519 shares during the last quarter. Swiss National Bank increased its position in shares of Cardtronics by 3.4% during the 1st quarter. Swiss National Bank now owns 79,400 shares of the business services provider’s stock valued at $1,771,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Cardtronics by 2.6% during the 1st quarter. Rhumbline Advisers now owns 104,608 shares of the business services provider’s stock valued at $2,334,000 after purchasing an additional 2,624 shares during the last quarter.
Cardtronics Company Profile
Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.
Receive News & Ratings for Cardtronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics and related companies with MarketBeat.com's FREE daily email newsletter.