Cardtronics PLC (CATM) Earns “Buy” Rating from SunTrust Banks, Inc.
SunTrust Banks, Inc. reaffirmed their buy rating on shares of Cardtronics PLC (NASDAQ:CATM) in a report released on Friday. SunTrust Banks, Inc. currently has a $25.00 target price on the business services provider’s stock.
A number of other equities analysts also recently commented on CATM. Bank of America Corporation reduced their price objective on Cardtronics PLC from $48.00 to $40.00 and set a neutral rating on the stock in a research report on Friday, July 7th. Zacks Investment Research downgraded Cardtronics PLC from a hold rating to a strong sell rating in a research report on Tuesday, July 18th. William Blair downgraded Cardtronics PLC from an outperform rating to a market perform rating in a research report on Monday, September 25th. Finally, Lake Street Capital downgraded Cardtronics PLC from a buy rating to a hold rating and reduced their price objective for the stock from $40.00 to $31.00 in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $37.00.
Cardtronics PLC (NASDAQ:CATM) opened at $17.29 on Friday. The stock has a market capitalization of $801.71, a P/E ratio of 6.18, a P/E/G ratio of 0.52 and a beta of 0.75. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.82 and a quick ratio of 0.78.
Cardtronics PLC (NASDAQ:CATM) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.10. Cardtronics PLC had a positive return on equity of 29.32% and a negative net margin of 9.37%. The firm had revenue of $402.00 million for the quarter, compared to the consensus estimate of $383.97 million. During the same quarter last year, the business posted $0.98 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. analysts expect that Cardtronics PLC will post 2.62 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Cardtronics PLC by 0.4% in the second quarter. BlackRock Inc. now owns 5,432,333 shares of the business services provider’s stock valued at $178,509,000 after purchasing an additional 18,992 shares during the period. Vanguard Group Inc. grew its stake in shares of Cardtronics PLC by 13.0% in the first quarter. Vanguard Group Inc. now owns 5,359,006 shares of the business services provider’s stock valued at $250,534,000 after buying an additional 616,530 shares in the last quarter. FMR LLC grew its stake in shares of Cardtronics PLC by 33.3% in the second quarter. FMR LLC now owns 3,634,132 shares of the business services provider’s stock valued at $119,417,000 after buying an additional 906,953 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Cardtronics PLC by 78.8% in the second quarter. Renaissance Technologies LLC now owns 1,346,200 shares of the business services provider’s stock valued at $44,236,000 after buying an additional 593,200 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Cardtronics PLC by 9.1% in the second quarter. State Street Corp now owns 1,254,003 shares of the business services provider’s stock valued at $41,206,000 after buying an additional 104,252 shares in the last quarter.
Cardtronics PLC Company Profile
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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