CPI Card Group (PMTS) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of CPI Card Group (NASDAQ:PMTS) (TSE:PNT) from a sell rating to a hold rating in a research report released on Wednesday morning.

Separately, BMO Capital Markets lowered their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. CPI Card Group has a consensus rating of Hold and a consensus target price of $5.75.

Shares of CPI Card Group (PMTS) opened at $3.60 on Wednesday. CPI Card Group has a 1-year low of $2.90 and a 1-year high of $25.50. The company has a debt-to-equity ratio of -2.87, a current ratio of 2.68 and a quick ratio of 2.09. The company has a market cap of $196.60 and a price-to-earnings ratio of -3.50.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last posted its quarterly earnings results on Tuesday, November 7th. The credit services provider reported $0.10 EPS for the quarter, missing the 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 business had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $74.73 million. During the same period in the previous year, the company posted $0.55 earnings per share. CPI Card Group’s revenue for the quarter was down 16.3% compared to the same quarter last year. equities research analysts anticipate that CPI Card Group will post -0.4 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. American Century Companies Inc. acquired a new position in shares of CPI Card Group in the second quarter worth about $109,000. Teachers Advisors LLC raised its position in shares of CPI Card Group by 21.3% in the second quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock worth $124,000 after acquiring 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 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of CPI Card Group by 181.0% during 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 during the last quarter. Finally, MUFG Americas Holdings Corp acquired a new position in shares of CPI Card Group during the 3rd quarter worth about $118,000. 11.47% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CPI Card Group (NASDAQ:PMTS)

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