CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.75.
A number of research analysts have issued reports on PMTS shares. Zacks Investment Research lowered CPI Card Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine upgraded CPI Card Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. BMO Capital Markets reduced their price target on CPI Card Group from $11.00 to $6.50 and set a “market perform” rating for the company in a research report on Thursday, November 9th. Finally, Robert W. Baird reissued a “hold” rating and issued a $5.00 price objective on shares of CPI Card Group in a research note on Thursday, December 21st.
Institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. acquired a new stake in shares of CPI Card Group during the second quarter worth $109,000. MUFG Americas Holdings Corp acquired a new stake in shares of CPI Card Group during the third quarter worth $118,000. Teachers Advisors LLC raised its position in shares of CPI Card Group by 21.3% during the second quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock worth $124,000 after purchasing an additional 7,658 shares during the period. QS Investors LLC raised its position in shares of CPI Card Group by 40.2% during the second quarter. QS Investors LLC now owns 53,178 shares of the credit services provider’s stock worth $152,000 after purchasing an additional 15,260 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of CPI Card Group by 181.0% during the second quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock worth $174,000 after purchasing an additional 39,359 shares during the period. 57.39% of the stock is currently owned by institutional investors.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its quarterly earnings data on Tuesday, November 7th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.05). CPI Card Group had a negative net margin of 4.44% and a negative return on equity of 1.51%. The company had revenue of $68.00 million for the quarter, compared to analyst estimates of $74.73 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was down 16.3% compared to the same quarter last year. sell-side analysts forecast that CPI Card Group will post -0.4 EPS for the current fiscal year.
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CPI Card Group Company Profile
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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