Cardtronics (NASDAQ:CATM) Hits New 52-Week High at $40.26

Shares of Cardtronics PLC (NASDAQ:CATM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.26 and last traded at $39.59, with a volume of 372700 shares traded. The stock had previously closed at $39.64.

CATM has been the topic of several recent analyst reports. Barrington Research reissued a “buy” rating and set a $40.00 target price on shares of Cardtronics in a research note on Thursday, October 31st. DA Davidson increased their target price on shares of Cardtronics to $46.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BidaskClub raised shares of Cardtronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Zacks Investment Research raised shares of Cardtronics from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Cardtronics currently has a consensus rating of “Buy” and a consensus target price of $41.40.

The stock has a market capitalization of $1.77 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 4.78 and a beta of 1.33. The stock’s 50 day moving average is $33.33 and its two-hundred day moving average is $31.12. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.73 and a current ratio of 0.75.

Cardtronics (NASDAQ:CATM) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.16. The firm had revenue of $351.51 million for the quarter, compared to analyst estimates of $349.57 million. Cardtronics had a net margin of 2.21% and a return on equity of 24.63%. Cardtronics’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS. Equities research analysts expect that Cardtronics PLC will post 2.07 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Arizona State Retirement System lifted its stake in Cardtronics by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 58,195 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 390 shares in the last quarter. Aperio Group LLC raised its holdings in Cardtronics by 3.4% in the 2nd quarter. Aperio Group LLC now owns 13,760 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 458 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Cardtronics by 1.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,059 shares of the business services provider’s stock valued at $849,000 after acquiring an additional 468 shares during the last quarter. US Bancorp DE raised its holdings in Cardtronics by 18.5% in the 2nd quarter. US Bancorp DE now owns 3,137 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 490 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Cardtronics by 1.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,494 shares of the business services provider’s stock valued at $1,052,000 after acquiring an additional 710 shares during the last quarter.

Cardtronics Company Profile (NASDAQ:CATM)

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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