Cardtronics Inc. (CATM) Receives Average Rating of “Hold” from Brokerages
Cardtronics Inc. (NASDAQ:CATM) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $45.40.
Several equities analysts recently issued reports on CATM shares. Feltl & Co. started coverage on Cardtronics in a research report on Thursday, September 22nd. They set a “buy” rating and a $48.00 price target on the stock. Jefferies Group raised their price target on Cardtronics from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Wells Fargo & Co. lowered Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 16th. Zacks Investment Research lowered Cardtronics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 7th. Finally, JPMorgan Chase & Co. lowered Cardtronics from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $45.00 to $50.00 in a research report on Friday, August 19th.
TRADEMARK VIOLATION WARNING: This story was first posted by Financial Market News and is owned by of Financial Market News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright law. The original version of this story can be accessed at http://www.financial-market-news.com/cardtronics-inc-catm-receives-average-rating-of-hold-from-brokerages/1208667/.
Shares of Cardtronics (NASDAQ:CATM) traded down 2.10% during trading on Tuesday, hitting $49.30. The stock had a trading volume of 153,423 shares. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 28.95 and a beta of 0.69. Cardtronics has a 52 week low of $28.01 and a 52 week high of $52.79. The firm has a 50 day moving average price of $49.67 and a 200-day moving average price of $44.41.
Cardtronics (NASDAQ:CATM) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Cardtronics had a return on equity of 34.51% and a net margin of 6.19%. The business had revenue of $328.30 million for the quarter, compared to analyst estimates of $115.95 million. During the same period last year, the company earned $0.82 EPS. Cardtronics’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Cardtronics will post $3.25 EPS for the current fiscal year.
In other news, insider David Walker Dove sold 5,000 shares of Cardtronics stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $47.90, for a total value of $239,500.00. Following the sale, the insider now directly owns 53,416 shares in the company, valued at approximately $2,558,626.40. The sale was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Capstone Asset Management Co. raised its stake in shares of Cardtronics by 3.1% in the second quarter. Capstone Asset Management Co. now owns 13,520 shares of the company’s stock worth $538,000 after buying an additional 410 shares in the last quarter. Victory Capital Management Inc. raised 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 worth $101,000 after buying an additional 1,104 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Cardtronics by 96.7% in the second quarter. BNP Paribas Arbitrage SA now owns 15,280 shares of the company’s stock worth $608,000 after buying an additional 7,512 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Cardtronics by 1.2% in the second quarter. GW&K Investment Management LLC now owns 903,883 shares of the company’s stock worth $35,984,000 after buying an additional 10,402 shares in the last quarter. Finally, First Midwest Bank Trust Division acquired a new stake in shares of Cardtronics during the second quarter worth $248,000.
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.
Receive News & Ratings for Cardtronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.