Cardtronics (NASDAQ:CATM) had its price target lifted by equities research analysts at SunTrust Banks to $30.00 in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ target price suggests a potential upside of 21.51% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Cardtronics from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. TheStreet cut shares of Cardtronics from a “c” rating to a “d” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Cardtronics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine cut shares of Cardtronics from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, William Blair reissued a “market perform” rating on shares of Cardtronics in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Cardtronics currently has a consensus rating of “Hold” and an average target price of $27.25.
Cardtronics (CATM) traded down $0.59 during trading hours on Wednesday, hitting $24.69. 915,100 shares of the company traded hands, compared to its average volume of 922,641. Cardtronics has a twelve month low of $15.80 and a twelve month high of $47.45. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $1,154.83, a PE ratio of -8.26, a PEG ratio of 1.25 and a beta of 0.88.
A number of hedge funds have recently added to or reduced their stakes in the business. Gotham Asset Management LLC bought a new position in Cardtronics during the fourth quarter worth $643,000. Verition Fund Management LLC bought a new position in Cardtronics during the fourth quarter worth $307,000. Millennium Management LLC bought a new position in Cardtronics during the fourth quarter worth $204,000. Cornerstone Capital Management Holdings LLC. boosted its position in Cardtronics by 406.7% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 166,700 shares of the business services provider’s stock worth $3,087,000 after purchasing an additional 133,800 shares during the period. Finally, Teachers Advisors LLC boosted its position in Cardtronics by 29.0% during the fourth quarter. Teachers Advisors LLC now owns 106,017 shares of the business services provider’s stock worth $1,963,000 after purchasing an additional 23,807 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.
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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