CPI Card Group Inc. (PMTS) Receives $9.75 Average Price Target from Brokerages
Shares of CPI Card Group Inc. (NASDAQ:PMTS) have earned an average rating of “Hold” from the eight research firms that are presently 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 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.75.
A number of research analysts have commented on PMTS shares. Craig Hallum increased 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 cut CPI Card Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th.
A number of hedge funds have recently bought and sold shares of PMTS. Sterling Capital Management LLC acquired a new stake in CPI Card Group during the second quarter valued at approximately $466,000. Schwab Charles Investment Management Inc. boosted its stake in CPI Card Group by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 51,346 shares of the company’s stock valued at $258,000 after buying an additional 672 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in CPI Card Group during the second quarter valued at approximately $121,000. State Street Corp boosted its stake in 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. Finally, Spark Investment Management LLC acquired a new stake in CPI Card Group during the second quarter valued at approximately $329,000. Hedge funds and other institutional investors own 24.06% of the company’s stock.
Shares of CPI Card Group (NASDAQ:PMTS) opened at 5.72 on Monday. The company has a 50 day moving average price of $5.81 and a 200-day moving average price of $5.76. CPI Card Group has a 1-year low of $3.38 and a 1-year high of $13.29. The stock has a market capitalization of $315.96 million and a P/E ratio of 28.04.
CPI Card Group (NASDAQ:PMTS) last released its earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $69.45 million. The firm’s revenue was down 22.8% on a year-over-year basis. On average, equities research analysts forecast that CPI Card Group will post $0.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 16th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Wednesday, September 14th. CPI Card Group’s dividend payout ratio is currently 75.00%.
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.
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