Zacks Investment Research upgraded shares of Cardtronics (NASDAQ:CATM) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $32.00 price objective on the business services provider’s stock.

According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “

A number of other research analysts also recently issued reports on the company. ValuEngine downgraded Cardtronics from a buy rating to a hold rating in a report on Friday, October 19th. Barrington Research raised Cardtronics to a buy rating and set a $40.00 price target on the stock in a report on Friday, November 2nd. Barclays initiated coverage on Cardtronics in a report on Wednesday, November 14th. They set an overweight rating and a $41.00 price target on the stock. Finally, BidaskClub downgraded Cardtronics from a hold rating to a sell rating in a report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Cardtronics presently has a consensus rating of Hold and an average target price of $32.60.

Shares of NASDAQ:CATM opened at $28.42 on Wednesday. The firm has a market cap of $1.21 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.29. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.83 and a current ratio of 0.87. Cardtronics has a 1 year low of $20.78 and a 1 year high of $39.10.

In related news, insider Dan Antilley sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $31.31, for a total transaction of $156,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Tim Arnoult sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $31.54, for a total value of $94,620.00. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its position in Cardtronics by 3.1% in the fourth quarter. State of Alaska Department of Revenue now owns 12,474 shares of the business services provider’s stock worth $324,000 after buying an additional 378 shares in the last quarter. Bank of Montreal Can increased its position in Cardtronics by 30.3% in the fourth quarter. Bank of Montreal Can now owns 3,597 shares of the business services provider’s stock worth $94,000 after buying an additional 836 shares in the last quarter. Texas Permanent School Fund increased its position in Cardtronics by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 24,439 shares of the business services provider’s stock worth $635,000 after buying an additional 949 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Cardtronics in the fourth quarter worth about $45,000. Finally, Trexquant Investment LP increased its position in Cardtronics by 13.3% in the third quarter. Trexquant Investment LP now owns 17,074 shares of the business services provider’s stock worth $540,000 after buying an additional 2,004 shares in the last quarter.

Cardtronics Company Profile

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 bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.

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Analyst Recommendations for Cardtronics (NASDAQ:CATM)

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