Zacks Investment Research cut shares of Cardtronics (NASDAQ:CATM) from a buy rating to a hold rating in a report released on Monday morning, Zacks.com reports.
According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “
A number of other research analysts have also recently weighed in on CATM. DA Davidson assumed coverage on shares of Cardtronics in a report on Thursday, May 30th. They issued a buy rating for the company. Wells Fargo & Co set a $14.00 price objective on shares of Osmotica Pharmaceuticals and gave the company a buy rating in a report on Thursday, March 28th. BidaskClub upgraded shares of ZIOPHARM Oncology from a buy rating to a strong-buy rating in a report on Monday, June 17th. Barrington Research set a $68.00 price objective on shares of WNS and gave the company a buy rating in a report on Wednesday, July 3rd. Finally, ValuEngine cut shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $40.25.
Shares of CATM stock opened at $27.86 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $1.29 billion, a PE ratio of 14.82, a P/E/G ratio of 3.99 and a beta of 1.24. The company has a 50 day simple moving average of $29.15. Cardtronics has a fifty-two week low of $23.57 and a fifty-two week high of $39.10.
Cardtronics (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $318.30 million during the quarter, compared to analysts’ expectations of $310.99 million. Cardtronics had a net margin of 0.81% and a return on equity of 20.70%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Equities analysts forecast that Cardtronics will post 1.76 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in CATM. Macquarie Group Ltd. grew its holdings in Cardtronics by 16.7% during the 4th quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock worth $73,000 after acquiring an additional 400 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Cardtronics during the 4th quarter worth approximately $120,000. Bank of Montreal Can grew its holdings in Cardtronics by 15.2% during the 1st quarter. Bank of Montreal Can now owns 4,144 shares of the business services provider’s stock worth $148,000 after acquiring an additional 547 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in Cardtronics during the 4th quarter worth approximately $203,000. Finally, Everence Capital Management Inc. acquired a new position in Cardtronics during the 1st quarter worth approximately $238,000.
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 balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, and train stations.
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