Cardtronics PLC (CATM) Stock Rating Lowered by William Blair
Cardtronics PLC (NASDAQ:CATM) was downgraded by research analysts at William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, The Fly reports.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Cardtronics PLC from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. Lake Street Capital began coverage on shares of Cardtronics PLC in a report on Monday, June 19th. They set a “buy” rating and a $46.00 price objective on the stock. BidaskClub downgraded shares of Cardtronics PLC from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. ValuEngine downgraded shares of Cardtronics PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation cut their price objective on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.75.
Shares of Cardtronics PLC (NASDAQ:CATM) traded down 10.745% on Monday, hitting $26.125. 2,371,048 shares of the company traded hands. Cardtronics PLC has a 1-year low of $24.91 and a 1-year high of $56.00. The firm has a market capitalization of $1.19 billion, a P/E ratio of 18.030 and a beta of 0.81. The firm’s 50-day moving average is $26.91 and its 200 day moving average is $35.18.
Cardtronics PLC (NASDAQ:CATM) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Cardtronics PLC had a net margin of 4.83% and a return on equity of 28.23%. The firm had revenue of $385.11 million for the quarter, compared to the consensus estimate of $379.03 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts anticipate that Cardtronics PLC will post $2.84 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Cardtronics PLC by 0.4% in the 2nd quarter. BlackRock Inc. now owns 5,432,333 shares of the business services provider’s stock worth $178,509,000 after buying an additional 18,992 shares during the period. Vanguard Group Inc. increased its holdings in Cardtronics PLC by 13.0% in the 1st quarter. Vanguard Group Inc. now owns 5,359,006 shares of the business services provider’s stock worth $250,534,000 after buying an additional 616,530 shares during the period. FMR LLC increased its holdings in Cardtronics PLC by 33.3% in the 2nd quarter. FMR LLC now owns 3,634,132 shares of the business services provider’s stock worth $119,417,000 after buying an additional 906,953 shares during the period. Clearbridge Investments LLC increased its holdings in Cardtronics PLC by 78.0% in the 1st quarter. Clearbridge Investments LLC now owns 1,437,553 shares of the business services provider’s stock worth $67,206,000 after buying an additional 629,729 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Cardtronics PLC by 78.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,346,200 shares of the business services provider’s stock worth $44,236,000 after buying an additional 593,200 shares during the period.
About Cardtronics PLC
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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