Cardtronics PLC (CATM) Given Consensus Rating of “Hold” by Analysts
Cardtronics PLC (NASDAQ:CATM) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $41.00.
Several equities research analysts have recently commented on CATM shares. Zacks Investment Research upgraded shares of Cardtronics PLC from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. Lake Street Capital cut shares of Cardtronics PLC from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $31.00 in a research report on Tuesday, September 26th. William Blair cut shares of Cardtronics PLC from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. Finally, Bank of America Corporation lowered their price target on shares of Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, July 7th.
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A number of hedge funds and other institutional investors have recently modified their holdings of CATM. BlackRock Inc. grew its holdings in Cardtronics PLC by 134,627.3% during the first quarter. BlackRock Inc. now owns 5,413,341 shares of the business services provider’s stock valued at $253,074,000 after purchasing an additional 5,409,323 shares during the period. JPMorgan Chase & Co. grew its holdings in Cardtronics PLC by 106.3% during the second quarter. JPMorgan Chase & Co. now owns 302,469 shares of the business services provider’s stock valued at $9,939,000 after purchasing an additional 5,066,029 shares during the period. FMR LLC grew its holdings in Cardtronics PLC by 33.3% during the second quarter. FMR LLC now owns 3,634,132 shares of the business services provider’s stock valued at $119,417,000 after purchasing an additional 906,953 shares during the period. Clearbridge Investments LLC grew its holdings in Cardtronics PLC by 78.0% during the first quarter. Clearbridge Investments LLC now owns 1,437,553 shares of the business services provider’s stock valued at $67,206,000 after purchasing an additional 629,729 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Cardtronics PLC by 13.0% during the first quarter. Vanguard Group Inc. now owns 5,359,006 shares of the business services provider’s stock valued at $250,534,000 after purchasing an additional 616,530 shares during the period.
Cardtronics PLC (NASDAQ:CATM) opened at 23.48 on Wednesday. Cardtronics PLC has a 12-month low of $22.83 and a 12-month high of $56.00. The stock has a 50 day moving average of $25.53 and a 200 day moving average of $31.40. The company has a market capitalization of $1.07 billion, a PE ratio of 16.20 and a beta of 0.77.
Cardtronics PLC (NASDAQ:CATM) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.76 EPS for the quarter, topping the 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 company had revenue of $385.11 million during the quarter, compared to analysts’ expectations of $379.03 million. During the same quarter in the previous year, the company earned $0.80 EPS. Cardtronics PLC’s revenue was up 18.9% on a year-over-year basis. On average, equities research analysts predict that Cardtronics PLC will post $2.80 EPS for the current year.
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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