BMO Capital Markets Trims CPI Card Group Inc. (PMTS) Target Price to $1.30
CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) had its price target cut by BMO Capital Markets from $2.20 to $1.30 in a research report sent to investors on Thursday. They currently have a market perform rating on the credit services provider’s stock.
PMTS has been the topic of several other research reports. ValuEngine upgraded shares of CPI Card Group from a sell rating to a hold rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of CPI Card Group from a hold rating to a sell rating in a report on Wednesday, July 19th. Finally, Barrington Research downgraded shares of CPI Card Group from a market perform rating to an underperform rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $1.30.
CPI Card Group (PMTS) traded down $0.04 on Thursday, reaching $0.91. 419,000 shares of the company’s stock traded hands, compared to its average volume of 433,065. The company has a debt-to-equity ratio of -2.87, a quick ratio of 1.78 and a current ratio of 2.68. CPI Card Group has a 1 year low of $0.86 and a 1 year high of $5.10.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its quarterly earnings data on Tuesday, November 7th. The credit services provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). CPI Card Group had a negative return on equity of 1.51% and a negative net margin of 4.44%. The business had revenue of $68.00 million for the quarter, compared to analyst estimates of $74.73 million. During the same quarter in the previous year, the company posted $0.11 EPS. The business’s quarterly revenue was down 16.3% on a year-over-year basis. equities research analysts anticipate that CPI Card Group will post -0.04 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of PMTS. American Century Companies Inc. bought a new stake in shares of CPI Card Group in the 2nd quarter worth $109,000. Teachers Advisors LLC grew its stake in shares of 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 acquiring an additional 7,658 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of CPI Card Group by 509.0% in the 1st quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 25,642 shares in the last quarter. QS Investors LLC grew its stake in shares of 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 acquiring an additional 15,260 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of 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 acquiring an additional 39,359 shares in the last quarter. Hedge funds and other institutional investors own 19.34% 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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