Cardtronics PLC (NASDAQ:CATM) Receives $41.50 Consensus Target Price from Brokerages

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Shares of Cardtronics PLC (NASDAQ:CATM) have been assigned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $41.50.

CATM has been the topic of several recent research reports. Barrington Research reiterated a “buy” rating and issued a $40.00 price target on shares of Cardtronics in a report on Thursday, October 31st. DA Davidson increased their price target on Cardtronics to $46.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Zacks Investment Research upgraded Cardtronics from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, November 4th. Finally, BidaskClub upgraded Cardtronics from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.

In other Cardtronics news, CAO Paul A. Gullo sold 974 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.18, for a total value of $42,057.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Voya Investment Management LLC boosted its holdings in Cardtronics by 82.2% in the third quarter. Voya Investment Management LLC now owns 600,414 shares of the business services provider’s stock worth $18,156,000 after acquiring an additional 270,881 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Cardtronics by 35.7% in the third quarter. Russell Investments Group Ltd. now owns 40,973 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 10,780 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Cardtronics by 20.9% in the third quarter. California Public Employees Retirement System now owns 71,292 shares of the business services provider’s stock valued at $2,156,000 after purchasing an additional 12,321 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Cardtronics by 61.8% in the third quarter. State of Tennessee Treasury Department now owns 24,439 shares of the business services provider’s stock valued at $739,000 after purchasing an additional 9,337 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Cardtronics by 2.0% in the third quarter. Rhumbline Advisers now owns 113,395 shares of the business services provider’s stock valued at $3,429,000 after purchasing an additional 2,185 shares in the last quarter.

NASDAQ CATM traded up $0.56 during trading hours on Monday, hitting $41.45. 252,375 shares of the company’s stock were exchanged, compared to its average volume of 365,682. The stock has a 50-day simple moving average of $39.67 and a 200 day simple moving average of $32.19. Cardtronics has a 1-year low of $23.57 and a 1-year high of $43.69. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 4.82 and a beta of 1.40. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 2.37.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.16. The business had revenue of $351.51 million for the quarter, compared to analyst estimates of $349.57 million. Cardtronics had a return on equity of 24.63% and a net margin of 2.21%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, sell-side analysts anticipate that Cardtronics will post 2.07 earnings per share for the current fiscal year.

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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