In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Cardtronics (CATM), with a price target of $40. The company’s shares closed on Friday at $27.99.
Prestopino noted:
“We believe Q4/18 results will be within the range of guidance as throughout the first three quarters of 2018, CATM was able to exceed expectations and raise guidance ranges due to efforts to reduce expenses coupled with the underlying business being stronger than expected despite the loss of the 7-Eleven contract, reduced interchange in the U.K. and the pullback in surcharge fees in Australia.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -2.0% and a 44.4% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
Cardtronics has an analyst consensus of Moderate Buy, with a price target consensus of $40.
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Based on Cardtronics’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $8.78 million. In comparison, last year the company had a net profit of $15.95 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.
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Cardtronics plc engages in the provision of automated consumer financial services through automated teller machines and multi-function financial services kiosks. It operates through the following segments: North America, Europe, and Corporate and Other.
