TheStreet downgraded shares of Cardtronics (NASDAQ:CATM) from a buy rating to a hold rating in a research note released on Thursday morning, ARN reports.
“Cardtronics (CATM) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.,” the firm’s analyst wrote.
TheStreet has also modified their ratings on a number of other information technology stocks in the few days. The firm downgraded shares of Teradata Corp. from a buy rating to a hold rating. Also, TheStreet reiterated its buy rating on shares of MasterCard Inc.. Finally, TheStreet reiterated its buy rating on shares of Visa Inc..
CATM has been the subject of a number of other recent research reports. Analysts at SunTrust raised their price target on shares of Cardtronics from $45.00 to $47.00 in a research note to investors on Tuesday, November 5th. They now have a buy rating on the stock. Separately, analysts at Compass Point raised their price target on shares of Cardtronics from $39.00 to $40.00 in a research note to investors on Tuesday, November 5th. They now have a neutral rating on the stock. Finally, analysts at Zacks downgraded shares of Cardtronics from an outperform rating to a neutral rating in a research note to investors on Wednesday, October 9th. They now have a $41.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $39.33.
Cardtronics (NASDAQ:CATM) opened at 40.55 on Thursday. Cardtronics has a 1-year low of $22.20 and a 1-year high of $41.82. The stock has a 50-day moving average of $38.15 and a 200-day moving average of $32.91. The company has a market cap of $1.825 billion and a P/E ratio of 67.47.
Cardtronics (NASDAQ:CATM) last announced its earnings results on Monday, November 4th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.06. The company had revenue of $228.80 million for the quarter, compared to the consensus estimate of $231.75 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, analysts predict that Cardtronics will post $1.91 earnings per share for the current fiscal year.
Cardtronics, Inc (NASDAQ:CATM) provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.