Cardtronics (NASDAQ:CATM) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Cardtronics (NASDAQ:CATM) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, BidAskClub reports.

Several other research analysts have also recently issued reports on the company. DA Davidson started coverage on Cardtronics in a research report on Thursday, May 30th. They issued a buy rating on the stock. ValuEngine cut Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, May 28th. Wells Fargo & Co set a $14.00 target price on Osmotica Pharmaceuticals and gave the stock a buy rating in a research report on Thursday, March 28th. Barrington Research set a $68.00 price objective on WNS and gave the company a buy rating in a research report on Wednesday, July 3rd. Finally, Zacks Investment Research raised Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price objective on the stock in a research report on Monday, July 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $40.25.

Shares of NASDAQ:CATM opened at $28.35 on Thursday. The stock has a market capitalization of $1.31 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 4.03 and a beta of 1.23. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.77 and a quick ratio of 0.74. The stock has a 50-day moving average price of $29.07. Cardtronics has a 52-week low of $23.57 and a 52-week high of $39.10.

Cardtronics (NASDAQ:CATM) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $318.30 million for the quarter, compared to analysts’ expectations of $310.99 million. Cardtronics had a return on equity of 20.70% and a net margin of 0.81%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. As a group, equities analysts forecast that Cardtronics will post 1.76 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Arizona State Retirement System lifted its position in shares of Cardtronics by 0.5% during the 1st quarter. Arizona State Retirement System now owns 57,805 shares of the business services provider’s stock valued at $2,057,000 after buying an additional 292 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Cardtronics by 16.7% during the 4th quarter. Macquarie Group Ltd. now owns 2,800 shares of the business services provider’s stock valued at $73,000 after buying an additional 400 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Cardtronics by 3.8% during the 1st quarter. Mason Street Advisors LLC now owns 12,034 shares of the business services provider’s stock valued at $428,000 after buying an additional 436 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Cardtronics by 0.5% during the 4th quarter. Legal & General Group Plc now owns 90,618 shares of the business services provider’s stock valued at $2,340,000 after buying an additional 448 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Cardtronics by 15.2% during the 1st quarter. Bank of Montreal Can now owns 4,144 shares of the business services provider’s stock valued at $148,000 after buying an additional 547 shares in the last quarter.

About Cardtronics

Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, financial institutions, and operators of facilities, such as shopping malls, airports, and train stations.

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