CPI Card Group Inc. (NASDAQ:PMTS) Receives Average Recommendation of “Hold” from Analysts
Shares of CPI Card Group Inc. (NASDAQ:PMTS) have received an average rating of “Hold” from the eight ratings firms that are covering the firm. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $9.75.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of CPI Card Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Craig Hallum initiated coverage on shares of CPI Card Group in a research report on Monday, June 27th. They issued a “buy” rating and a $8.00 target price on the stock.
Several institutional investors have recently added to or reduced their stakes in PMTS. Ameriprise Financial Inc. boosted its position in CPI Card Group by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 3,922,807 shares of the company’s stock worth $19,652,000 after buying an additional 74,500 shares during the last quarter. Vanguard Group Inc. boosted its position in CPI Card Group by 10.7% in the second quarter. Vanguard Group Inc. now owns 633,324 shares of the company’s stock worth $3,173,000 after buying an additional 61,415 shares during the last quarter. BlackRock Fund Advisors boosted its position in CPI Card Group by 24.5% in the second quarter. BlackRock Fund Advisors now owns 546,211 shares of the company’s stock worth $2,737,000 after buying an additional 107,413 shares during the last quarter. Bank of Montreal Can purchased a new position in CPI Card Group during the second quarter worth about $1,299,000. Finally, State Street Corp boosted its position in CPI Card Group by 4.2% in the second quarter. State Street Corp now owns 217,981 shares of the company’s stock worth $1,096,000 after buying an additional 8,865 shares during the last quarter. Hedge funds and other institutional investors own 24.06% of the company’s stock.
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CPI Card Group (NASDAQ:PMTS) traded up 2.036% during trading on Monday, hitting $6.265. 58,631 shares of the stock were exchanged. CPI Card Group has a 52 week low of $3.38 and a 52 week high of $13.50. The stock has a market cap of $346.07 million and a P/E ratio of 30.711. The stock has a 50 day moving average of $5.72 and a 200-day moving average of $5.79.
CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The company had revenue of $73.70 million for the quarter, compared to analysts’ expectations of $69.45 million. CPI Card Group had a net margin of 4.94% and a negative return on equity of 24.89%. The business’s quarterly revenue was down 22.8% on a year-over-year basis. Equities analysts expect that CPI Card Group will post $0.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 16th were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Wednesday, September 14th. CPI Card Group’s payout ratio is 75.00%.
About CPI Card Group
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
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