Investment analysts at Compass Point upped their price objective on shares of Cardtronics (NASDAQ:CATM) from $32.00 to $36.00 in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Compass Point’s price objective suggests a potential upside of 4.11% from the stock’s previous close.
The analysts wrote, “We downgrade our rating from Buy to Neutral on valuation. On November 5th, 2012 we upgraded the shares at $25.27 due to what we considered to be overblown concerns surrounding interchange headwinds. As we anticipated, earnings strength was not disrupted and the shares have since recovered all related lost ground. Moreover, investor focus has now shifted to the growth prospects for the core business, where the outlook is robust (we model 12% EPS CAGR over the 2012-2015 period). While we continue to favor the company’s differentiated ATM owner / operator business model over the long term, with the shares now trading at 15.5x our estimate of 2015 earnings, the company’s growth prospects through 2015 now appear largely priced.”
Shares of Cardtronics (NASDAQ:CATM) opened at 34.58 on Friday. Cardtronics has a one year low of $22.20 and a one year high of $35.04. The stock’s 50-day moving average is currently $29.27. The company has a market cap of $1.535 billion and a P/E ratio of 32.35.
Cardtronics (NASDAQ:CATM) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.07. The company had revenue of $207.98 million for the quarter, compared to the consensus estimate of $207.93 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Cardtronics will post $1.80 earnings per share for the current fiscal year.
In other Cardtronics news, CFO J Chris Brewster unloaded 20,000 shares of Cardtronics stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $31.93, for a total transaction of $638,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Cardtronics, Inc (NASDAQ:CATM) provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.