CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) had its price target dropped by equities research analysts at BMO Capital Markets from $4.50 to $2.20 in a research report issued on Thursday. The brokerage currently has a “market perform” rating on the credit services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 62.96% from the company’s current price.

Several other research analysts have also commented on the company. Raymond James Financial, Inc. lowered CPI Card Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. Citigroup Inc. lowered CPI Card Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. ValuEngine lowered CPI Card Group from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered CPI Card Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Barrington Research lowered CPI Card Group from a “market perform” rating to an “underperform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. CPI Card Group currently has a consensus rating of “Hold” and an average price target of $4.90.

CPI Card Group (PMTS) traded down 15.62% during midday trading on Thursday, hitting $1.35. The stock had a trading volume of 5,779,024 shares. The company’s 50 day moving average price is $2.77 and its 200-day moving average price is $3.53. CPI Card Group has a 52-week low of $1.25 and a 52-week high of $6.41. The stock’s market cap is $75.08 million.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The company had revenue of $65.85 million during the quarter, compared to the consensus estimate of $69.16 million. CPI Card Group had a negative return on equity of 1.55% and a negative net margin of 2.46%. The company’s revenue was down 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. Analysts forecast that CPI Card Group will post $0.05 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.dailypolitical.com/2017/08/06/cpi-card-group-inc-pmts-pt-lowered-to-2-20.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its position in shares of CPI Card Group by 15.2% in the first quarter. Ameriprise Financial Inc. now owns 3,865,591 shares of the credit services provider’s stock valued at $16,235,000 after buying an additional 509,600 shares in the last quarter. Granite Investment Partners LLC acquired a new position in shares of CPI Card Group during the first quarter valued at about $1,552,000. Bank of Montreal Can raised its position in shares of CPI Card Group by 753.0% in the second quarter. Bank of Montreal Can now owns 263,564 shares of the credit services provider’s stock valued at $751,000 after buying an additional 232,664 shares in the last quarter. RMB Capital Management LLC raised its position in shares of CPI Card Group by 166.8% in the first quarter. RMB Capital Management LLC now owns 346,189 shares of the credit services provider’s stock valued at $1,454,000 after buying an additional 216,414 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of CPI Card Group by 73.4% in the fourth quarter. Renaissance Technologies LLC now owns 266,368 shares of the credit services provider’s stock valued at $1,105,000 after buying an additional 112,768 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for CPI Card Group (NASDAQ:PMTS)

Receive News & Ratings for CPI Card Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Card Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.