Cardtronics Receives Overweight Rating from JPMorgan Chase & Co. (CATM)
Cardtronics (NASDAQ:CATM)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They currently have a $51.00 price objective on the stock, up from their previous price objective of $45.00. JPMorgan Chase & Co.’s price objective suggests a potential upside of 35.10% from the company’s current price.
In other Cardtronics news, Director Jorge M. Diaz unloaded 27,742 shares of Cardtronics stock on the open market in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $38.51, for a total transaction of $1,068,344.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cardtronics (NASDAQ:CATM) traded down 0.45% during mid-day trading on Wednesday, hitting $37.58. The stock had a trading volume of 87,400 shares. Cardtronics has a 52 week low of $28.03 and a 52 week high of $44.46. The stock has a 50-day moving average of $35.09 and a 200-day moving average of $35.99. The company has a market cap of $1.671 billion and a price-to-earnings ratio of 75.05.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Wednesday, July 30th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $260.00 million for the quarter, compared to the consensus estimate of $250.34 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, analysts predict that Cardtronics will post $2.30 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Cardtronics in a research note on Tuesday, August 5th. They now have a $44.00 price target on the stock, up previously from $41.00. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Cardtronics in a research note on Thursday, June 5th. They set an “outperform” rating and a $50.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.40.
Cardtronics, Inc (NASDAQ:CATM) provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.
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.