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. The brokerage currently has $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 research analysts have also recently issued reports on CATM. Barrington Research cut shares of Cardtronics from an outperform rating to a market perform rating in a report on Friday, July 29th. Jefferies Group raised their target price on shares of Cardtronics from $46.00 to $52.00 and gave the stock a buy rating in a report on Monday, August 1st. JPMorgan Chase & Co. cut shares of Cardtronics from an overweight rating to a neutral rating and raised their target price for the stock from $45.00 to $50.00 in a report on Friday, August 19th. Finally, Feltl & Co. started coverage on shares of Cardtronics in a report on Thursday, September 22nd. They set a buy rating and a $48.00 target price for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cardtronics presently has a consensus rating of Buy and an average price target of $47.00.
Cardtronics (NASDAQ:CATM) opened at 50.10 on Thursday. The company has a market cap of $2.27 billion, a P/E ratio of 31.57 and a beta of 0.76. Cardtronics has a 12-month low of $28.01 and a 12-month high of $50.16. The firm’s 50 day moving average is $44.95 and its 200 day moving average is $41.37.
Cardtronics (NASDAQ:CATM) last issued its earnings results on Thursday, July 28th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. The firm earned $324 million during the quarter, compared to analysts’ expectations of $315.48 million. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Cardtronics will post $3.25 EPS for the current fiscal year.
In other news, EVP Rick Updyke sold 9,182 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $47.15, for a total transaction of $432,931.30. Following the completion of the sale, the executive vice president now owns 67,050 shares of the company’s stock, valued at $3,161,407.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Tim Arnoult sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $45.71, for a total transaction of $228,550.00. Following the sale, the director now directly owns 6,648 shares of the company’s stock, valued at approximately $303,880.08. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Cardtronics by 5.3% in the second quarter. Vanguard Group Inc. now owns 4,102,929 shares of the company’s stock worth $163,338,000 after buying an additional 205,612 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Cardtronics by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,391,107 shares of the company’s stock worth $55,379,000 after buying an additional 16,341 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Cardtronics by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,377,579 shares of the company’s stock worth $54,841,000 after buying an additional 229,310 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Cardtronics by 0.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,129,356 shares of the company’s stock worth $44,960,000 after buying an additional 5,408 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its position in Cardtronics by 0.3% in the second quarter. Stephens Investment Management Group LLC now owns 1,069,773 shares of the company’s stock worth $42,588,000 after buying an additional 3,071 shares during the last quarter.
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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