BidaskClub upgraded shares of Cardtronics (NASDAQ:CATM) from a sell rating to a hold rating in a research note published on Tuesday, BidAskClub reports.

Several other research analysts also recently weighed in on the stock. DA Davidson started coverage on shares of Cardtronics in a research note on Thursday, May 30th. They issued a buy rating for the company. ValuEngine downgraded shares of Cardtronics from a buy rating to a hold rating in a research note on Tuesday, May 28th. Zacks Investment Research upgraded shares of Cardtronics from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Thursday, May 9th. Barrington Research restated a buy rating and issued a $40.00 target price on shares of Cardtronics in a research note on Monday, April 29th. Finally, Wells Fargo & Co upped their target price on shares of Cardtronics from $35.00 to $40.00 and gave the company an outperform rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cardtronics currently has a consensus rating of Buy and a consensus price target of $40.25.

CATM opened at $28.12 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 2.33. Cardtronics has a 52-week low of $23.48 and a 52-week high of $39.10. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 4.05 and a beta of 1.42.

Cardtronics (NASDAQ:CATM) last released its quarterly earnings data 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. Cardtronics had a net margin of 0.81% and a return on equity of 20.70%. The company had revenue of $318.30 million during the quarter, compared to the consensus estimate of $310.99 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Cardtronics’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts predict that Cardtronics will post 1.76 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in CATM. Bank of New York Mellon Corp boosted its stake in shares of Cardtronics by 25.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,715,224 shares of the business services provider’s stock valued at $70,597,000 after purchasing an additional 557,850 shares during the period. Norges Bank purchased a new position in shares of Cardtronics in the fourth quarter valued at $13,467,000. JPMorgan Chase & Co. boosted its stake in shares of Cardtronics by 659.3% in the third quarter. JPMorgan Chase & Co. now owns 500,418 shares of the business services provider’s stock valued at $15,833,000 after purchasing an additional 434,511 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Cardtronics by 37.5% in the first quarter. Renaissance Technologies LLC now owns 1,007,600 shares of the business services provider’s stock valued at $35,850,000 after purchasing an additional 275,000 shares during the period. Finally, Elk Creek Partners LLC purchased a new position in shares of Cardtronics in the fourth quarter valued at $6,206,000.

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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