News

Cardtronics shares bumped up to $29 price target

January 15, 2012

On January 12, research analysts at JPMorgan Chase & Co. boosted their price target to $29 on shares of Cardtronics, a provider of automated consumer financial services through ATMs and multi-function kiosks. A report at Localized USA notes that analysts have placed an “overweight” rating on the company’s shares.

One day previously, analysts at Zacks Investment Research upgraded shares of Cardtronics from a “neutral” rating to an “outperform” rating following a December 15 research note to investors by analysts at Compass Point who set a “buy” rating and a $31.00 price target on the stock. Also, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Cardtronics to $29.00 in a research note to investors on Friday, December 9th.

Shares of Cardtronics opened at 26.72 on Thursday. Cardtronics has a 52 week low of $16.40 and a 52week high of $28.74. The stock’s 50-day moving average is $26.57 and its 200-day moving average is $24.35. The company has a market cap of $1.172 billion and a price-to-earnings ratio of 16.80.