Barclays Sticks to Its Buy Rating for Cardtronics (CATM)


Barclays analyst Ramsey El Assal maintained a Buy rating on Cardtronics (CATM) on October 30 and set a price target of $21.00. The company’s shares closed last Monday at $35.15.

According to TipRanks.com, Assal is a 5-star analyst with an average return of 19.1% and a 70.8% success rate. Assal covers the Technology sector, focusing on stocks such as Automatic Data Processing, BigCommerce Holdings, and Paypal Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Cardtronics with a $32.00 average price target, a -9.6% downside from current levels. In a report issued on October 26, Barrington also maintained a Buy rating on the stock with a $45.00 price target.

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Cardtronics’ market cap is currently $1.57B and has a P/E ratio of 70.80. The company has a Price to Book ratio of -3.19.

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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 & Africa, and Australia & New Zealand. The North America segment represents automated teller machine (ATM) operations in the Unites States, Puerto Rico. Canada, and Mexico. The Europe & Africa segment involves ATM operation in the United Kingdom, Ireland, Germany, Poland, and i-design group plc. The Australia & New Zealand segment includes ATM operations in Australia and New Zealand. The company was founded in 1993 and is headquartered in Houston, TX.

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