Jefferies Reiterates a 'Buy' on Cardtronics (CATM); Breaking Away from the Pack

July 23, 2012 9:28 AM EDT
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Price: $55.10 --0%

Rating Summary:
    5 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies reiterates a 'Buy' on Cardtronics Inc (NASDAQ: CATM) price target of $34.00 (from $31.00).

Analyst, Ramsey El-Assal, said, "We continue to view CATM as uniquely positioned to gain market share in the fragmented non-bank ATM market. Scale advantages should yield more competitive deal wins (especially in Canada), while tailwinds from prepaid cards and the virtualization of branch banking add a secular element to the story."

Raises FY13 EPS estimate from $1.89 to $1.94.

For an analyst ratings summary and ratings history on Cardtronics Inc click here. For more ratings news on Cardtronics Inc click here.

Shares of Cardtronics Inc closed at $29.74 yesterday.

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