Cardtronics PLC (NASDAQ:CATM) Rating Increased to Hold at Zacks Investment Research
Cardtronics PLC (NASDAQ:CATM) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “
A number of other analysts have also recently weighed in on the company. Bank of America Corporation lowered their price target on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 7th. BidaskClub cut Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Lake Street Capital began coverage on Cardtronics PLC in a research report on Monday, June 19th. They issued a “buy” rating and a $46.00 price target on the stock. ValuEngine cut Cardtronics PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet cut Cardtronics PLC from a “b” rating to a “c+” rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Cardtronics PLC presently has a consensus rating of “Hold” and a consensus price target of $46.17.
Cardtronics PLC (NASDAQ:CATM) traded down 0.45% during midday trading on Monday, reaching $26.74. The company’s stock had a trading volume of 533,414 shares. Cardtronics PLC has a 1-year low of $26.44 and a 1-year high of $56.00. The firm has a market capitalization of $1.22 billion, a PE ratio of 18.51 and a beta of 0.75. The firm has a 50 day moving average price of $32.44 and a 200 day moving average price of $40.77.
Cardtronics PLC (NASDAQ:CATM) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Cardtronics PLC had a return on equity of 28.23% and a net margin of 4.83%. The firm had revenue of $385.11 million for the quarter, compared to analysts’ expectations of $379.03 million. During the same period in the prior year, the business posted $0.80 earnings per share. The business’s revenue was up 18.9% compared to the same quarter last year. On average, analysts predict that Cardtronics PLC will post $2.84 EPS for the current year.
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In other news, insider Gerardo Garcia sold 3,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the insider now owns 3,743 shares in the company, valued at $126,550.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Simpson-Dent sold 18,721 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $34.24, for a total value of $641,007.04. Following the sale, the insider now owns 16,792 shares in the company, valued at approximately $574,958.08. The disclosure for this sale can be found here. Insiders have sold 22,546 shares of company stock worth $770,512 in the last 90 days. Company insiders own 1.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Cardtronics PLC by 30.2% in the first quarter. Bank of New York Mellon Corp now owns 803,605 shares of the business services provider’s stock valued at $37,569,000 after buying an additional 186,600 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Cardtronics PLC by 6.2% in the first quarter. Flinton Capital Management LLC now owns 2,408 shares of the business services provider’s stock valued at $113,000 after buying an additional 140 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Cardtronics PLC during the first quarter valued at about $2,944,000. Bowling Portfolio Management LLC purchased a new position in shares of Cardtronics PLC during the first quarter valued at about $627,000. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of Cardtronics PLC by 3.0% in the first quarter. Adams Diversified Equity Fund Inc. now owns 20,800 shares of the business services provider’s stock valued at $972,000 after buying an additional 600 shares during the period.
Cardtronics PLC Company Profile
Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.
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