CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) has been given an average rating of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.75.
Several equities analysts have recently weighed in on the company. ValuEngine raised CPI Card Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Robert W. Baird reissued a “hold” rating and set a $5.00 price target on shares of CPI Card Group in a report on Thursday, December 21st. Zacks Investment Research cut CPI Card Group from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, BMO Capital Markets lowered their price target on CPI Card Group from $11.00 to $6.50 and set a “market perform” rating on the stock in a report on Thursday, November 9th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp bought a new position in CPI Card Group in the 3rd quarter worth $118,000. Commonwealth Equity Services Inc raised its holdings in CPI Card Group by 108.4% in the 3rd quarter. Commonwealth Equity Services Inc now owns 203,869 shares of the credit services provider’s stock worth $240,000 after purchasing an additional 106,064 shares during the period. Thompson Investment Management Inc. raised its holdings in CPI Card Group by 90.8% in the 3rd quarter. Thompson Investment Management Inc. now owns 574,028 shares of the credit services provider’s stock worth $677,000 after purchasing an additional 273,165 shares during the period. State Street Corp raised its holdings in CPI Card Group by 37.0% in the 2nd quarter. State Street Corp now owns 372,496 shares of the credit services provider’s stock worth $1,062,000 after purchasing an additional 100,594 shares during the period. Finally, QS Investors LLC raised its holdings in CPI Card Group by 40.2% in the 2nd 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. 51.33% of the stock is currently owned by hedge funds and other institutional investors.
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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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