Brokerages Set CPI Card Group Inc. (PMTS) Target Price at $6.38
CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.38.
A number of equities analysts have weighed in on PMTS shares. Zacks Investment Research lowered shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th. Craig Hallum increased their target price on shares of CPI Card Group from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. CIBC lowered shares of CPI Card Group from a “sector perform” rating to a “sector underperform” rating and set a $3.50 target price for the company. in a research report on Thursday, November 10th. Finally, William Blair lowered shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 10th.
CPI Card Group (NASDAQ:PMTS) opened at 3.95 on Monday. CPI Card Group has a 52-week low of $3.25 and a 52-week high of $11.10. The company’s 50-day moving average is $5.37 and its 200-day moving average is $5.15. The firm has a market capitalization of $218.41 million and a PE ratio of 31.35.
CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The company had revenue of $81.20 million for the quarter, compared to the consensus estimate of $85.78 million. CPI Card Group had a net margin of 2.13% and a negative return on equity of 20.43%. CPI Card Group’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Analysts forecast that CPI Card Group will post $0.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 16th will be given a $0.045 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.62%. CPI Card Group’s dividend payout ratio (DPR) is currently 150.01%.
Several institutional investors have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC purchased a new position in CPI Card Group during the second quarter worth approximately $121,000. Penserra Capital Management LLC increased its stake in shares of CPI Card Group by 107.5% in the second quarter. Penserra Capital Management LLC now owns 26,904 shares of the company’s stock worth $135,000 after buying an additional 13,936 shares in the last quarter. Swiss National Bank bought a new stake in shares of CPI Card Group during the second quarter worth $137,000. Teachers Advisors Inc. increased its stake in shares of CPI Card Group by 18.5% in the second quarter. Teachers Advisors Inc. now owns 33,637 shares of the company’s stock worth $169,000 after buying an additional 5,251 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of CPI Card Group by 12.4% in the third quarter. Two Sigma Advisers LP now owns 28,000 shares of the company’s stock worth $169,000 after buying an additional 3,100 shares in the last quarter. Institutional investors own 24.91% of the company’s stock.
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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