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Compass Point Upgrades Cardtronics Inc (CATM) to Buy Post Q3 Sell-Off

November 5, 2012 7:15 AM EST Send to a Friend
Get Alerts CATM Hot Sheet
Price: $34.80 +0.58%

Rating Summary:
    6 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 25 | New: 14
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Compass Point upgraded Cardtronics Inc (NASDAQ: CATM) from Neutral to Buy with a price target of $30.00 following post-Q3 results decline.

The firm commented: "Last week the company released 3Q'12 earnings. Commentary regarding earnings guidance for next year was below consensus. In order to reach next year's consensus estimate of $1.91 growth from 2012 would need to exceed +20% with a $0.10 headwind from interchange. This level of growth would be difficult to achieve on a purely organic basis. While the interchange trends are unfavorable they appear contained. The core trends remain strong. Acquired growth is very likely to continue to benefit earnings it is just a matter of timing. Accordingly, we consider the recent share price decline an attractive opportunity."

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 $25.27 yesterday.




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