CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $5.75.
A number of brokerages have commented on PMTS. Robert W. Baird restated a “hold” rating and issued a $5.00 target price on shares of CPI Card Group in a report on Thursday, December 21st. ValuEngine upgraded CPI Card Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. BMO Capital Markets dropped their target price on CPI Card Group from $11.00 to $6.50 and set a “market perform” rating on the stock in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered CPI Card Group from a “hold” rating to a “sell” rating in a report on Thursday, January 4th.
Several hedge funds have recently bought and sold shares of the company. Thompson Investment Management Inc. lifted its holdings in shares of CPI Card Group by 90.8% in the third quarter. Thompson Investment Management Inc. now owns 574,028 shares of the credit services provider’s stock valued at $677,000 after purchasing an additional 273,165 shares in the last quarter. State Street Corp lifted its holdings in shares of CPI Card Group by 37.0% in the second quarter. State Street Corp now owns 372,496 shares of the credit services provider’s stock valued at $1,062,000 after purchasing an additional 100,594 shares in the last quarter. Commonwealth Equity Services Inc lifted its holdings in shares of CPI Card Group by 108.4% in the third quarter. Commonwealth Equity Services Inc now owns 203,869 shares of the credit services provider’s stock valued at $240,000 after purchasing an additional 106,064 shares in the last quarter. Millennium Management LLC bought a new position in shares of CPI Card Group in the fourth quarter valued at approximately $442,000. Finally, MUFG Americas Holdings Corp bought a new position in shares of CPI Card Group in the third quarter valued at approximately $118,000. Institutional investors own 51.33% of the company’s stock.
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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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