Cardtronics (NASDAQ:CATM) Upgraded at BidaskClub

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

CATM has been the subject of a number of other research reports. Barrington Research set a $68.00 price target on WNS and gave the stock a buy rating in a research note on Wednesday, July 3rd. Zacks Investment Research raised Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price target for the company in a research note on Monday, July 8th. Wells Fargo & Co set a $14.00 price target on Osmotica Pharmaceuticals and gave the stock a buy rating in a research note on Thursday, March 28th. ValuEngine lowered Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, May 28th. Finally, DA Davidson assumed coverage on Cardtronics in a research report on Thursday, May 30th. They set a buy rating for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $40.25.

Shares of CATM stock opened at $28.35 on Thursday. The business has a fifty day simple moving average of $29.07. Cardtronics has a 52 week low of $23.57 and a 52 week high of $39.10. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 4.03 and a beta of 1.23. 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 (NASDAQ:CATM) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Cardtronics had a return on equity of 20.70% and a net margin of 0.81%. The company had revenue of $318.30 million during the quarter, compared to analyst estimates of $310.99 million. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. As a group, research analysts predict that Cardtronics will post 1.76 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its position in Cardtronics by 0.5% during the first quarter. Arizona State Retirement System now owns 57,805 shares of the business services provider’s stock valued at $2,057,000 after buying an additional 292 shares during the period. Macquarie Group Ltd. lifted its position in Cardtronics by 16.7% during the fourth quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock valued at $73,000 after buying an additional 400 shares during the period. Mason Street Advisors LLC lifted its position in Cardtronics by 3.8% during the first quarter. Mason Street Advisors LLC now owns 12,034 shares of the business services provider’s stock valued at $428,000 after buying an additional 436 shares during the period. Legal & General Group Plc lifted its position in Cardtronics by 0.5% during the fourth quarter. Legal & General Group Plc now owns 90,618 shares of the business services provider’s stock valued at $2,340,000 after buying an additional 448 shares during the period. Finally, Bank of Montreal Can lifted its position in Cardtronics by 15.2% during the first quarter. Bank of Montreal Can now owns 4,144 shares of the business services provider’s stock valued at $148,000 after buying an additional 547 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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