CPI Card Group (PMTS) Rating Lowered to Hold at Zacks Investment Research
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
Separately, Craig Hallum set a $5.00 target price on CPI Card Group and gave the company a “buy” rating in a report on Friday, September 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $4.88.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its earnings results on Thursday, August 9th. The credit services provider reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.35. The company had revenue of $61.45 million for the quarter, compared to analysts’ expectations of $64.86 million. Equities analysts anticipate that CPI Card Group will post -0.45 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in PMTS. CIBC World Markets Inc. lifted its holdings in shares of CPI Card Group by 73.3% during the first quarter. CIBC World Markets Inc. now owns 85,720 shares of the credit services provider’s stock valued at $258,000 after purchasing an additional 36,255 shares during the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of CPI Card Group by 31.2% during the second quarter. Thompson Investment Management Inc. now owns 151,310 shares of the credit services provider’s stock valued at $303,000 after purchasing an additional 36,000 shares during the last quarter. Finally, Weber Alan W purchased a new stake in shares of CPI Card Group during the second quarter valued at $200,000. 8.09% of the stock is owned by institutional investors and hedge funds.
CPI Card Group Company Profile
CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through U.S. Debit and Credit, U.S. Prepaid Debit, and U.K. Limited segments. The U.S. Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing banks in the United States.
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