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Stock Market & Financial Investment News

News Breaks
June 11, 2014
07:53 EDTCATMCardtronics shares now 'meaningfully undervalued,' says Jefferies
Jefferies says that despite bear arguments to the contrary, there is "nothing wrong" with Cardtronics' depreciation practices and its organic unit count is growing, not shrinking. The firm believes investors are pricing into shares too negative of an impact from a potential 7-Eleven deal loss, and it views the stock as "meaningfully undervalued" at current levels. It reiterates a Buy rating on Cardtronics with a $41 price target.
News For CATM From The Last 14 Days
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July 7, 2015
16:22 EDTCATMOn The Fly: Top stock stories for Tuesday
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09:56 EDTCATMCardtronics remaining business valued at $34-$38/share, says Wells Fargo
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09:05 EDTCATMCardtronics shares to stabilize around $30, says William Blair
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08:35 EDTCATMCardtronics receives notification of nonrenewal of 7-ELeven agreement
Cardtronics announced that it was notified by 7-Eleven that 7-Eleven does not intend on renewing its ATM placement agreement with Cardtronics upon expiration of the agreement in mid-2017. 7-Eleven announced that it has selected a related entity of 7-Eleven's parent company as its next ATM provider. The existing agreement between Cardtronics and 7-Eleven remains in full force and effect until mid-2017. Cardtronics does not expect this announcement to change its 2015 financial guidance, as issued on April 30.
July 6, 2015
16:07 EDTCATMCardtronics acquires CDS for $80M, sees accretion to 2015, 2016 earnings
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