The stock of Cardtronics PLC (NASDAQ:CATM) hit a new 52-week high and has $82.00 target or 69.00% above today’s $48.52 share price. The 8 months bullish chart indicates low risk for the $2.19 billion company. The 1-year high was reported on Oct, 4 by Barchart.com. If the $82.00 price target is reached, the company will be worth $1.51 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,131 shares traded hands. Cardtronics PLC (NASDAQ:CATM) has risen 39.94% since March 1, 2016 and is uptrending. It has outperformed by 30.70% the S&P500.
Analysts await Cardtronics PLC (NASDAQ:CATM) to report earnings on November, 3. They expect $0.82 earnings per share, up 15.49% or $0.11 from last year’s $0.71 per share. CATM’s profit will be $37.17 million for 14.80 P/E if the $0.82 EPS becomes a reality. After $0.72 actual earnings per share reported by Cardtronics PLC for the previous quarter, Wall Street now forecasts 13.89% EPS growth.
Cardtronics PLC (NASDAQ:CATM) Ratings Coverage
Out of 5 analysts covering Cardtronics (NASDAQ:CATM), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $48 is the highest target while $39 is the lowest. The $43.25 average target is -10.86% below today’s ($48.52) stock price. Cardtronics has been the topic of 8 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Cardtronics PLC (NASDAQ:CATM) earned “Neutral” rating by Bank of America on Friday, December 11. The rating was initiated by Feltl & Co with “Buy” on Thursday, September 22. The rating was downgraded by JP Morgan on Friday, August 19 to “Neutral”. JP Morgan maintained Cardtronics PLC (NASDAQ:CATM) on Friday, August 14 with “Overweight” rating. Jefferies maintained it with “Buy” rating and $42 target price in Friday, March 18 report. The rating was downgraded by Barrington Research on Friday, July 29 to “Market Perform”.
According to Zacks Investment Research, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. Its down 0.26, from 1.04 in 2016Q1. The ratio dived, as 54 funds sold all Cardtronics PLC shares owned while 49 reduced positions. 18 funds bought stakes while 62 increased positions. They now own 40.13 million shares or 22.85% less from 52.01 million shares in 2016Q1.
Prudential Financial last reported 0.01% of its portfolio in the stock. Yorktown Mgmt accumulated 6,500 shares or 0.06% of the stock. Thompson Siegel And Walmsley Ltd Liability Com accumulated 0.12% or 194,204 shares. Lord Abbett & Lc reported 1.38 million shares or 0.17% of all its holdings. Dimensional Fund Advsrs Limited Partnership has 1.39 million shares for 0.03% of their US portfolio. Us Comml Bank De owns 55,406 shares or 0.01% of their US portfolio. The New York-based Jpmorgan Chase And has invested 0.01% in Cardtronics PLC (NASDAQ:CATM). Summit Securities Group Limited Liability Corporation holds 0.2% or 9,443 shares in its portfolio. Gotham Asset Management Limited Liability Com, a New York-based fund reported 85,975 shares. Legal General Gru Public Limited Liability holds 0% or 10,743 shares in its portfolio. First Tru L P has 37,849 shares for 0% of their US portfolio. The Minnesota-based Ameriprise Financial Incorporated has invested 0.01% in Cardtronics PLC (NASDAQ:CATM). Menta Ltd Com holds 40,013 shares or 0.22% of its portfolio. Louisiana State Employees Retirement Systems has 20,000 shares for 0.04% of their US portfolio. Oxford Asset last reported 0.07% of its portfolio in the stock.
Insider Transactions: Since May 3, 2016, the stock had 0 buys, and 2 selling transactions for $1.05 million net activity. Shares for $717,116 were sold by Updyke Rick on Tuesday, May 3. Another trade for 8,588 shares valued at $329,522 was sold by Garcia Gerardo.
More important recent Cardtronics PLC (NASDAQ:CATM) news were published by: Reuters.com which released: “Cardtronics to buy DirectCash Payments in $460 million deal” on October 03, 2016, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Globenewswire.com published: “Cardtronics Announces Plan to Redomicile in the United Kingdom” on April 27, 2016. More interesting news about Cardtronics PLC (NASDAQ:CATM) was released by: Rttnews.com and their article: “Cardtronics To Acquire DCPayments For C$19.00/shr – Quick Facts” with publication date: October 03, 2016.
CATM Company Profile
Cardtronics PLC, formerly Cardtronics, Inc., incorporated on June 4, 2001, is a well-known provider of automated consumer financial services. The Firm provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s activities consisted of its North America and Europe divisions. The Company’s North America segment includes activities in all 50 states, Puerto Rico, Canada and Mexico. The Company’s Europe segment includes its activities in the United Kingdom, Germany and Poland. The Firm provides its services to approximately 190,000 devices across its portfolio, which included approximately 168,300 devices located in all 50 states of the United States (U.S.) (including the U.S. territory of Puerto Rico), approximately 15,700 devices throughout the United Kingdom (U.K.), approximately 1,100 devices throughout Germany and Poland, approximately 3,300 devices throughout Canada and approximately 1,400 devices throughout Mexico. In the United States, certain of the Company’s devices are multi-function financial services kiosks that, in addition to traditional ATM functions, such as cash dispensing and bank account balance inquiries, perform other consumer financial services, including bill payments, check cashing, remote deposit capture (which is deposit taking at ATMs using electronic imaging), and money transfers. Also included in the number of devices in its network are approximately 112,600 ATMs to which the Company provides various forms of managed services solutions. 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.
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