Cardtronics (CATM) Receives Price Target

Cardtronics (CATM) : Average target price received by Cardtronics (CATM) is $51.25 with an expected standard deviation of $2.99. The most aggressive target on the stock is $55, whereas the most downbeat target is $48. 4 financial analysts are currently covering the stock.

Cardtronics (CATM) : The consensus on Cardtronics (CATM) based on 9 analyst recommendation on the company stock is 1.89, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, JP Morgan downgrades its view on Cardtronics (NASDAQ:CATM) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. The rating by the firm was issued on August 19, 2016.

Cardtronics (NASDAQ:CATM): The stock opened at $45.03 on Thursday but the bulls could not build on the opening and the stock topped out at $45.03 for the day. The stock traded down to $44.19 during the day, due to lack of any buying support eventually closed down at $44.34 with a loss of -1.27% for the day. The stock had closed at $44.91 on the previous day. The total traded volume was 385,328 shares.

Cardtronics, Inc. (Cardtronics) provides automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Companys operations consist of its U.S., Europe and Other International segments. Its U.S. segment includes the Companys operations in all 50 states, Puerto Rico and the U.S. Virgin Islands. Its Europe segment includes the Companys operations in the United Kingdom and Germany. The Companys Other International segment includes its operations in Mexico and Canada. Under the managed services arrangement, retailers, financial institutions, and ATM distributors rely on the Company to handle some or all of the operational aspects associated with operating and maintaining ATMs. The Company deploys and operates devices under three arrangements with its retail partners: Company-owned ATM placements, merchant-owned ATM placements and managed services.

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