Cardtronics Rating Lowered to Neutral at Zacks (CATM)
Cardtronics (NASDAQ:CATM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, AnalystRatingsNetwork reports. They currently have a $41.00 price target on the stock. Zacks‘ price objective would indicate a potential upside of 14.24% from the company’s current price.
Cardtronics (NASDAQ:CATM) traded down 0.15% during mid-day trading on Wednesday, hitting $35.8372. 56,551 shares of the company’s stock traded hands. Cardtronics has a 52-week low of $22.20 and a 52-week high of $38.16. The stock has a 50-day moving average of $36.4 and a 200-day moving average of $31.11. The company has a market cap of $1.609 billion and a price-to-earnings ratio of 33.57.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.07. The company had revenue of $207.98 million for the quarter, compared to the consensus estimate of $207.93 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts expect that Cardtronics will post $1.86 EPS for the current fiscal year.
A number of other firms have also recently commented on CATM. Analysts at Jefferies Group reiterated a “buy” rating on shares of Cardtronics in a research note to investors on Friday, October 4th. They now have a $43.00 price target on the stock, up previously from $38.00. Separately, analysts at Compass Point downgraded shares of Cardtronics from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $37.00.
Cardtronics, Inc (NASDAQ:CATM) provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.