Zacks Investment Research cut shares of Cardtronics PLC (NASDAQ:CATM) from a hold rating to a sell rating in a research note published on Tuesday.

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 brokerages have also recently weighed in on CATM. Bank of America Corporation dropped their price objective on shares of Cardtronics PLC from $48.00 to $40.00 and set a neutral rating for the company in a report on Friday, July 7th. Lake Street Capital cut shares of Cardtronics PLC from a buy rating to a hold rating and dropped their price objective for the company from $40.00 to $31.00 in a report on Tuesday, September 26th. William Blair cut shares of Cardtronics PLC from an outperform rating to a market perform rating in a report on Monday, September 25th. Finally, BidaskClub cut shares of Cardtronics PLC from a sell rating to a strong sell rating in a report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $41.00.

Cardtronics PLC (CATM) traded down 0.25% during midday trading on Tuesday, reaching $24.29. 9,413 shares of the company’s stock traded hands. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.76 and a beta of 0.77. Cardtronics PLC has a 1-year low of $22.83 and a 1-year high of $56.00. The firm’s 50-day moving average is $26.12 and its 200-day moving average is $33.60.

Cardtronics PLC (NASDAQ:CATM) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Cardtronics PLC had a net margin of 4.83% and a return on equity of 28.23%. The business had revenue of $385.11 million during the quarter, compared to analysts’ expectations of $379.03 million. During the same period last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts forecast that Cardtronics PLC will post $2.80 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System lifted its stake in Cardtronics PLC by 0.4% in the second quarter. Arizona State Retirement System now owns 23,837 shares of the business services provider’s stock worth $783,000 after acquiring an additional 100 shares during the last quarter. Petrus Trust Company LTA lifted its stake in Cardtronics PLC by 1.7% in the second quarter. Petrus Trust Company LTA now owns 6,191 shares of the business services provider’s stock worth $203,000 after acquiring an additional 104 shares during the last quarter. Texas Permanent School Fund lifted its stake in Cardtronics PLC by 1.0% in the second quarter. Texas Permanent School Fund now owns 33,320 shares of the business services provider’s stock worth $1,095,000 after acquiring an additional 328 shares during the last quarter. Amalgamated Bank lifted its stake in Cardtronics PLC by 5.6% in the second quarter. Amalgamated Bank now owns 6,294 shares of the business services provider’s stock worth $207,000 after acquiring an additional 331 shares during the last quarter. Finally, First Midwest Bank Trust Division lifted its stake in Cardtronics PLC by 2.3% in the second quarter. First Midwest Bank Trust Division now owns 19,425 shares of the business services provider’s stock worth $638,000 after acquiring an additional 429 shares during the last quarter.

About Cardtronics PLC

Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.

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Analyst Recommendations for Cardtronics PLC (NASDAQ:CATM)

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