Barrington Research upgraded shares of Cardtronics (NASDAQ:CATM) to a buy rating in a report published on Friday. Barrington Research currently has $40.00 price target on the business services provider’s stock.
A number of other analysts also recently issued reports on CATM. Zacks Investment Research upgraded Cardtronics from a hold rating to a buy rating and set a $38.00 price target for the company in a research report on Wednesday, October 10th. ValuEngine upgraded Cardtronics from a sell rating to a hold rating in a research report on Tuesday, July 10th. Finally, BidaskClub upgraded Cardtronics from a hold rating to a buy rating in a research report on Saturday, August 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $31.40.
CATM traded down $1.36 during trading on Friday, reaching $32.60. The company had a trading volume of 4,027 shares, compared to its average volume of 617,649. The company has a market cap of $1.57 billion, a PE ratio of 11.82, a P/E/G ratio of 1.76 and a beta of 1.26. Cardtronics has a 52 week low of $15.80 and a 52 week high of $39.10. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The company had revenue of $340.18 million during the quarter, compared to the consensus estimate of $319.30 million. Cardtronics had a return on equity of 24.77% and a net margin of 1.86%. Cardtronics’s revenue was down 15.4% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. As a group, research analysts anticipate that Cardtronics will post 1.61 earnings per share for the current fiscal year.
In other news, Director Mark Rossi purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were purchased at an average price of $30.25 per share, for a total transaction of $151,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hudson Executive Capital Lp purchased 25,200 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were purchased at an average price of $29.97 per share, for a total transaction of $755,244.00. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in CATM. Legal & General Group Plc increased its stake in shares of Cardtronics by 2.4% during the first quarter. Legal & General Group Plc now owns 95,717 shares of the business services provider’s stock valued at $2,144,000 after buying an additional 2,220 shares during the period. Principal Financial Group Inc. increased its stake in shares of Cardtronics by 2.9% during the first quarter. Principal Financial Group Inc. now owns 351,794 shares of the business services provider’s stock valued at $7,849,000 after buying an additional 9,962 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Cardtronics during the second quarter valued at $1,627,000. Alps Advisors Inc. purchased a new position in shares of Cardtronics during the second quarter valued at $209,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Cardtronics during the second quarter valued at $227,000.
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.
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