Jefferies Maintains Cardtronics to Buy with Price Target $52.00

Brokerage firm Jefferies Maintains its rating on Cardtronics(NASDAQ:CATM). In a research note issued to the investors, the brokerage major Raises the price-target to $52.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, Barrington Research said it Downgrades its rating on Cardtronics. The shares have been rated ‘Market Perform’ by the firm.

Cardtronics (CATM) made into the market gainers list on Mondays trading session with the shares advancing 0.56% or 0.26 points. Due to strong positive momentum, the stock ended at $46.33, which is also near the day’s high of $46.78. The stock began the session at $46.02 and the volume stood at 5,72,273 shares. The 52-week high of the shares is $46.78 and the 52 week low is $28.01. The company has a current market capitalization of $2,096 M and it has 4,52,31,925 shares in outstanding.

Cardtronics(CATM) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $323.96M. Analysts had an estimated revenue of $315.36M. Earnings per share were $0.80. Analysts had estimated an EPS of $0.77.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Gerardo Garcia (Chief Info. Security Officer) sold 8,588 shares at $38.37 per share price.Also, On May 11, 2016, Patrick Michael Mccarthy (Chief Information Officer) sold 3,033 shares at $38.47 per share price.On May 4, 2016, Rick Updyke (EVP Global Markets & Accounts) sold 17,910 shares at $40.04 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s operations consist of its U.S. Europe and Other International segments. Its U.S. segment includes the Company’s operations in all 50 states Puerto Rico and the U.S. Virgin Islands. Its Europe segment includes the Company’s operations in the United Kingdom and Germany. The Company’s 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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