The stock of Cardtronics PLC (NASDAQ:CATM) reached all time high today, Oct, 4 and still has $75.55 target or 55.00% above today’s $48.74 share price. This indicates more upside for the $2.20B company. This technical setup was reported by Barchart.com. If the $75.55 PT is reached, the company will be worth $1.21B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 68,626 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 $37.01 million for 14.86 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 -11.26% below today’s ($48.74) stock price. Cardtronics has been the topic of 8 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan on Friday, August 19 to “Neutral”. JP Morgan maintained the shares of CATM in a report on Friday, August 14 with “Overweight” rating. The stock has “Buy” rating given by Feltl & Co on Thursday, September 22. The stock of Cardtronics PLC (NASDAQ:CATM) has “Buy” rating given on Friday, March 18 by Jefferies. The stock of Cardtronics PLC (NASDAQ:CATM) has “Neutral” rating given on Friday, December 11 by Bank of America. The firm has “Market Perform” rating by Barrington Research given on Friday, July 29.
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 2016 Q2. Its down 0.26, from 1.04 in 2016Q1. The ratio fall, 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.
Blackrock Fund Advsr has 2.89M shares for 0.03% of their US portfolio. Vanguard Gru owns 4.10M shares or 0.01% of their US portfolio. Moreover, Price T Rowe Assoc Md has 0% invested in Cardtronics PLC (NASDAQ:CATM) for 467,964 shares. Winslow Evans And Crocker Incorporated has 0% invested in the company for 196 shares. Stephens Inv Mngmt Gru Ltd Liability last reported 1.4% of its portfolio in the stock. New South Capital Inc holds 2.37% or 2.41 million shares in its portfolio. Eam Limited Company accumulated 63,538 shares or 0.38% of the stock. Blackrock Grp Ltd has invested 0% of its portfolio in Cardtronics PLC (NASDAQ:CATM). D E Shaw And Incorporated reported 51,288 shares or 0% of all its holdings. First Midwest Retail Bank Trust Division owns 6,219 shares or 0.03% of their US portfolio. Blackrock Institutional Trust Na last reported 1.13 million shares in the company. California State Teachers Retirement Sys owns 94,541 shares or 0.01% of their US portfolio. Moreover, Swiss Bancorp has 0% invested in Cardtronics PLC (NASDAQ:CATM) for 73,500 shares. Ahl Prns Llp accumulated 0.14% or 64,326 shares. Richard Bernstein Advisors Ltd Limited Liability Company owns 85,226 shares or 0.32% of their US portfolio.
Insider Transactions: Since May 3, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.05 million net activity. Updyke Rick had sold 17,910 shares worth $717,116 on Tuesday, May 3. Garcia Gerardo had sold 8,588 shares worth $329,522.
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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