Cardtronics Inc. (NASDAQ:CATM) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Cardtronics Inc. (NASDAQ:CATM) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $44.75.
CATM has been the topic of several recent research reports. Jefferies Group raised their price objective on shares of Cardtronics from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 1st. JPMorgan Chase & Co. lowered shares of Cardtronics from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $45.00 to $50.00 in a research report on Friday, August 19th. Finally, Barrington Research lowered shares of Cardtronics from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th.
In other news, insider Patrick Michael Mccarthy sold 3,034 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $46.02, for a total value of $139,624.68. Following the sale, the insider now owns 26,831 shares in the company, valued at $1,234,762.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director J Tim Arnoult sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $45.71, for a total transaction of $228,550.00. Following the completion of the sale, the director now owns 6,648 shares in the company, valued at approximately $303,880.08. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/cardtronics-inc-nasdaqcatm-given-consensus-recommendation-of-hold-by-brokerages.html
Large investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its stake in Cardtronics by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,123,948 shares of the company’s stock worth $40,451,000 after buying an additional 5,305 shares in the last quarter. BlackRock Group LTD increased its stake in Cardtronics by 9.4% in the first quarter. BlackRock Group LTD now owns 59,202 shares of the company’s stock worth $2,131,000 after buying an additional 5,098 shares in the last quarter. Capstone Asset Management Co. increased its stake in 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. Glenmede Trust Co. NA increased its stake in Cardtronics by 3.8% in the first quarter. Glenmede Trust Co. NA now owns 1,004,743 shares of the company’s stock worth $36,159,000 after buying an additional 36,523 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in 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.
Cardtronics (NASDAQ:CATM) traded up 1.04% on Tuesday, reaching $42.72. 143,775 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $44.99 and a 200 day moving average of $40.13. Cardtronics has a 12 month low of $28.01 and a 12 month high of $48.46. The stock has a market capitalization of $1.93 billion, a PE ratio of 26.92 and a beta of 0.79.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $324 million for the quarter, compared to analyst estimates of $315.48 million. Cardtronics had a net margin of 5.83% and a return on equity of 33.95%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Equities analysts predict that Cardtronics will post $3.25 earnings per share for the current fiscal year.
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. Its North America segment includes operations in all 50 states, Puerto Rico, Canada and Mexico.
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.