Barrington Research Reiterates Buy Rating for Cardtronics (NASDAQ:CATM)

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Barrington Research restated their buy rating on shares of Cardtronics (NASDAQ:CATM) in a research report report published on Friday morning, AnalystRatings.com reports. They currently have a $40.00 price objective on the business services provider’s stock.

“We have an OUTPERFORM investment rating on the stock with a $40 price target.”,” Barrington Research’s analyst commented.

Other research analysts also recently issued reports about the company. BidaskClub downgraded Cardtronics from a hold rating to a sell rating in a report on Friday, July 19th. DA Davidson initiated coverage on Cardtronics in a report on Thursday, May 30th. They set a buy rating on the stock. ValuEngine downgraded Cardtronics from a buy rating to a hold rating in a report on Tuesday, May 28th. Finally, Zacks Investment Research downgraded Cardtronics from a buy rating to a hold rating in a 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 issued a buy rating to the stock. Cardtronics currently has a consensus rating of Hold and a consensus target price of $38.25.

Cardtronics stock opened at $33.65 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 2.35. The business has a fifty day moving average of $28.48. Cardtronics has a 12 month low of $23.57 and a 12 month high of $39.10. The company has a market capitalization of $1.53 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 4.71 and a beta of 1.29.

Cardtronics (NASDAQ:CATM) last released its earnings results on Thursday, August 1st. The business services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.25. Cardtronics had a return on equity of 21.88% and a net margin of 1.32%. The business had revenue of $340.80 million for the quarter, compared to the consensus estimate of $331.84 million. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts expect that Cardtronics will post 1.76 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CATM. AMI Asset Management Corp raised its position in Cardtronics by 21.7% during the 2nd quarter. AMI Asset Management Corp now owns 369,681 shares of the business services provider’s stock valued at $10,100,000 after purchasing an additional 65,954 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Cardtronics in the 2nd quarter valued at $2,454,000. Hussman Strategic Advisors Inc. increased its holdings in shares of Cardtronics by 33.3% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 100,000 shares of the business services provider’s stock valued at $2,732,000 after acquiring an additional 25,000 shares during the period. Aperio Group LLC increased its holdings in shares of Cardtronics by 3.4% in the 2nd quarter. Aperio Group LLC now owns 13,760 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 458 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Cardtronics by 1.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,494 shares of the business services provider’s stock valued at $1,052,000 after acquiring an additional 710 shares during the period.

Cardtronics Company Profile

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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