Zacks Investment Research lowered shares of CPI Card Group (NASDAQ:PMTS) (TSE:PNT) from a hold rating to a sell rating in a research note issued to investors on Thursday.
According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “
A number of other research analysts also recently commented on PMTS. BMO Capital Markets decreased their price objective on shares of 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. ValuEngine raised shares of CPI Card Group from a sell rating to a hold rating in a research report on Wednesday, December 20th. Finally, Robert W. Baird reissued a hold rating and issued a $5.00 price objective on shares of CPI Card Group in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. CPI Card Group presently has an average rating of Hold and an average price target of $5.75.
Shares of CPI Card Group (NASDAQ:PMTS) traded up $0.02 on Thursday, hitting $4.13. 83,000 shares of the stock were exchanged, compared to its average volume of 186,900. CPI Card Group has a 52 week low of $2.90 and a 52 week high of $25.50. The company has a market cap of $44.65 and a P/E ratio of -4.01. The company has a current ratio of 2.68, a quick ratio of 2.09 and a debt-to-equity ratio of -2.87.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its quarterly earnings data on Tuesday, November 7th. The credit services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $68.00 million during the quarter, compared to the consensus estimate of $74.73 million. During the same period last year, the business earned $0.55 EPS. The business’s revenue was down 16.3% on a year-over-year basis. analysts expect that CPI Card Group will post -0.4 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of PMTS. American Century Companies Inc. acquired a new stake in shares of CPI Card Group during the 2nd quarter worth about $109,000. MUFG Americas Holdings Corp acquired a new stake in CPI Card Group in the 3rd quarter worth about $118,000. Teachers Advisors LLC raised its stake in CPI Card Group by 21.3% in the 2nd 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 in the last quarter. QS Investors LLC raised its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CPI Card Group by 181.0% in the 2nd 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 in the last quarter. Institutional investors own 11.47% of the company’s stock.
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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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