BidaskClub Upgrades Cardtronics (NASDAQ:CATM) to “Hold”
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.
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.
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.
Featured Story: What is Call Option Volume?
Receive News & Ratings for Cardtronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardtronics and related companies with MarketBeat.com's FREE daily email newsletter.