Cardtronics (NASDAQ:CATM) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Cardtronics (NASDAQ:CATM) from a sell rating to a hold rating in a report issued on Thursday morning, BidAskClub reports.

Several other analysts have also recently issued reports on CATM. Wells Fargo & Co set a $14.00 target price on shares of Osmotica Pharmaceuticals and gave the company a buy rating in a research report on Thursday, March 28th. ValuEngine cut shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, May 28th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price on the stock in a research report on Monday. Barrington Research set a $68.00 target price on shares of WNS and gave the company a buy rating in a research report on Wednesday, July 3rd. Finally, DA Davidson assumed coverage on shares of Cardtronics in a research report on Thursday, May 30th. They set a buy rating on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $40.25.

CATM stock traded up $0.12 during mid-day trading on Thursday, hitting $27.98. The company had a trading volume of 3,571 shares, compared to its average volume of 532,881. The company has a market capitalization of $1.32 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 4.07 and a beta of 1.23. Cardtronics has a 12-month low of $23.57 and a 12-month high of $39.10. 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’s 50-day moving average price is $29.15.



Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $318.30 million for 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 revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, research analysts forecast that Cardtronics will post 1.76 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CATM. Macquarie Group Ltd. raised its position in Cardtronics by 16.7% in 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 period. Amundi Pioneer Asset Management Inc. purchased a new stake in Cardtronics in the 4th quarter worth about $120,000. Bank of Montreal Can raised its position in Cardtronics by 15.2% in 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 period. Everence Capital Management Inc. purchased a new stake in Cardtronics in the 1st quarter worth about $238,000. Finally, Blueshift Asset Management LLC purchased a new stake in Cardtronics in the 4th quarter worth about $248,000.

About Cardtronics

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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