Cardtronics PLC (CATM) Receives Buy Rating from SunTrust Banks, Inc.
Cardtronics PLC (NASDAQ:CATM)‘s stock had its “buy” rating restated by research analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. They currently have a $25.00 price objective on the business services provider’s stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 42.45% from the stock’s current price.
A number of other brokerages also recently commented on CATM. Zacks Investment Research raised Cardtronics PLC from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. William Blair downgraded Cardtronics PLC from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. Lake Street Capital downgraded Cardtronics PLC from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $31.00 in a research report on Tuesday, September 26th. Finally, Bank of America Corporation decreased their price target on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Cardtronics PLC currently has a consensus rating of “Hold” and a consensus price target of $37.00.
Shares of Cardtronics PLC (NASDAQ:CATM) opened at $17.55 on Friday. The company has a market capitalization of $843.23 million, a P/E ratio of 6.50, a P/E/G ratio of 0.54 and a beta of 0.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.79 and a quick ratio of 0.75.
Cardtronics PLC (NASDAQ:CATM) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The firm had revenue of $402.00 million during the quarter, compared to the consensus estimate of $383.97 million. Cardtronics PLC had a positive return on equity of 27.54% and a negative net margin of 9.37%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. analysts anticipate that Cardtronics PLC will post 2.62 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in CATM. Riverhead Capital Management LLC increased its position in Cardtronics PLC by 77.7% in the second quarter. Riverhead Capital Management LLC now owns 3,731 shares of the business services provider’s stock worth $123,000 after buying an additional 1,631 shares during the last quarter. Flinton Capital Management LLC boosted its stake in Cardtronics PLC by 69.8% during the second quarter. Flinton Capital Management LLC now owns 4,088 shares of the business services provider’s stock valued at $134,000 after buying an additional 1,680 shares during the period. Petrus Trust Company LTA boosted its stake in Cardtronics PLC by 1.7% during the second quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock valued at $203,000 after buying an additional 104 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Cardtronics PLC during the second quarter valued at $205,000. Finally, Amalgamated Bank boosted its stake in Cardtronics PLC by 5.6% during the second quarter. Amalgamated Bank now owns 6,294 shares of the business services provider’s stock valued at $207,000 after buying an additional 331 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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