CPI Card Group Inc. (PMTS) Given Consensus Rating of “Hold” by Analysts
Shares of CPI Card Group Inc. (NASDAQ:PMTS) have earned an average recommendation of “Hold” from the eight analysts that are covering the firm. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.75.
A number of equities research analysts recently commented on PMTS shares. Craig Hallum lifted their target price on CPI Card Group from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, August 29th. Zacks Investment Research raised CPI Card Group from a “sell” rating to a “hold” rating in a report on Saturday, June 18th.
CPI Card Group (NASDAQ:PMTS) opened at 5.48 on Monday. CPI Card Group has a 52-week low of $3.38 and a 52-week high of $12.58. The stock’s 50 day moving average price is $5.84 and its 200-day moving average price is $5.74. The company has a market capitalization of $302.70 million and a P/E ratio of 26.86.
CPI Card Group (NASDAQ:PMTS) last released its earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. CPI Card Group had a negative return on equity of 24.89% and a net margin of 4.94%. The firm had revenue of $73.70 million for the quarter, compared to analyst estimates of $69.45 million. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. Analysts predict that CPI Card Group will post $0.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 16th were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.28%. The ex-dividend date was Wednesday, September 14th. CPI Card Group’s dividend payout ratio is currently 75.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in shares of CPI Card Group by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 3,922,807 shares of the company’s stock valued at $19,652,000 after buying an additional 74,500 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CPI Card Group by 10.7% in the second quarter. Vanguard Group Inc. now owns 633,324 shares of the company’s stock valued at $3,173,000 after buying an additional 61,415 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of CPI Card Group by 24.5% in the second quarter. BlackRock Fund Advisors now owns 546,211 shares of the company’s stock valued at $2,737,000 after buying an additional 107,413 shares in the last quarter. Bank of Montreal Can bought a new position in shares of CPI Card Group during the second quarter valued at $1,299,000. Finally, State Street Corp boosted its position in shares of CPI Card Group by 4.2% in the second quarter. State Street Corp now owns 217,981 shares of the company’s stock valued at $1,096,000 after buying an additional 8,865 shares in the last quarter. Institutional investors own 24.06% of the company’s stock.
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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