Cardtronics Inc. (CATM) Upgraded by Zacks Investment Research to “Strong-Buy”
Zacks Investment Research upgraded shares of Cardtronics Inc. (NASDAQ:CATM) from a hold rating to a strong-buy rating in a report released on Thursday morning. They currently have $55.00 price objective on the stock.
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. “
Several other brokerages have also commented on CATM. Feltl & Co. started coverage on Cardtronics in a report on Thursday, September 22nd. They set a buy rating and a $48.00 price objective for the company. Jefferies Group increased their price objective on Cardtronics from $46.00 to $52.00 and gave the company a buy rating in a report on Monday, August 1st. JPMorgan Chase & Co. lowered Cardtronics from an overweight rating to a neutral rating and increased their price objective for the company from $45.00 to $50.00 in a report on Friday, August 19th. Finally, Barrington Research lowered Cardtronics from an outperform rating to a market perform rating in a research note on Friday, July 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Cardtronics presently has a consensus rating of Buy and an average target price of $47.00.
Shares of Cardtronics (NASDAQ:CATM) traded down 0.37% during trading on Thursday, hitting $48.60. The stock had a trading volume of 120,700 shares. The firm has a market cap of $2.20 billion, a P/E ratio of 30.62 and a beta of 0.76. Cardtronics has a 12-month low of $28.01 and a 12-month high of $49.41. The firm has a 50 day moving average price of $44.67 and a 200 day moving average price of $41.01.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. Cardtronics had a return on equity of 33.95% and a net margin of 5.83%. The firm earned $324 million during the quarter, compared to analyst estimates of $315.48 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Cardtronics will post $3.25 earnings per share for the current fiscal year.
In other Cardtronics news, EVP Rick Updyke sold 9,182 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $47.15, for a total transaction of $432,931.30. Following the sale, the executive vice president now directly owns 67,050 shares of the company’s stock, valued at approximately $3,161,407.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Tim Arnoult sold 5,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $45.71, for a total value of $228,550.00. Following the sale, the director now directly owns 6,648 shares in the company, valued at $303,880.08. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
A number of large investors have recently made changes to their positions in CATM. Victory Capital Management Inc. increased its stake in shares of Cardtronics by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,532 shares of the company’s stock valued at $101,000 after buying an additional 1,104 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Cardtronics by 23.5% in the second quarter. Acrospire Investment Management LLC now owns 3,151 shares of the company’s stock worth $125,000 after buying an additional 600 shares during the period. BlackRock Inc. boosted its stake in Cardtronics by 138.9% in the first quarter. BlackRock Inc. now owns 3,435 shares of the company’s stock worth $123,000 after buying an additional 1,997 shares during the period. Tower Research Capital LLC TRC boosted its stake in Cardtronics by 5,562.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,870 shares of the company’s stock worth $194,000 after buying an additional 4,784 shares during the period. Finally, Amalgamated Bank acquired a new stake in Cardtronics during the second quarter worth approximately $242,000.
Cardtronics PLC, formerly Cardtronics, Inc, is a provider of automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America and Europe segments.
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