Barrington Research reissued their buy rating on shares of Cardtronics (NASDAQ:CATM) in a report published on Friday, AnalystRatings.com reports. Barrington Research currently has a $40.00 price target on the business services provider’s stock.
“We have an OUTPERFORM investment rating on the stock with a $40 price target.”,” the firm’s analyst wrote.
CATM has been the subject of several other research reports. BidaskClub cut shares of Cardtronics from a hold rating to a sell rating in a research report on Friday, July 19th. DA Davidson started coverage on shares of Cardtronics in a research report on Thursday, May 30th. They issued a buy rating for the company. ValuEngine cut shares of Cardtronics from a buy rating to a hold rating in a research report on Tuesday, May 28th. Finally, Zacks Investment Research cut shares of Cardtronics from a buy rating to a hold rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Cardtronics has a consensus rating of Hold and a consensus price target of $38.25.
Shares of CATM stock opened at $33.12 on Friday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.77 and a quick ratio of 0.74. Cardtronics has a 52 week low of $23.57 and a 52 week high of $39.10. The stock has a market cap of $1.53 billion, a PE ratio of 17.62, a PEG ratio of 4.71 and a beta of 1.29. The firm has a 50 day simple moving average of $28.18.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.25. Cardtronics had a net margin of 1.32% and a return on equity of 21.51%. The company had revenue of $340.80 million during the quarter, compared to analysts’ expectations of $331.84 million. During the same quarter last year, the company posted $0.61 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Cardtronics will post 1.76 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in CATM. Macquarie Group Ltd. lifted its position in shares of 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 purchasing an additional 400 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Cardtronics during the 4th quarter worth $120,000. Bank of Montreal Can lifted its position in shares of 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 purchasing an additional 547 shares during the last quarter. CWM Advisors LLC lifted its position in shares of Cardtronics by 30.4% during the 2nd quarter. CWM Advisors LLC now owns 7,482 shares of the business services provider’s stock worth $204,000 after purchasing an additional 1,744 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Cardtronics during the 1st quarter worth $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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