Craig Hallum Analysts Give CPI Card Group (PMTS) a $5.00 Price Target

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) received a $5.00 target price from equities researchers at Craig Hallum in a report issued on Friday. The firm currently has a “buy” rating on the credit services provider’s stock. Craig Hallum’s price objective indicates a potential upside of 26.58% from the stock’s previous close.

Several other research analysts also recently commented on PMTS. ValuEngine raised CPI Card Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised CPI Card Group from a “hold” rating to a “strong-buy” rating and set a $3.00 price objective on the stock in a research note on Wednesday, August 29th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $4.88.

Shares of NASDAQ PMTS traded up $0.24 during trading on Friday, hitting $3.95. The company had a trading volume of 186,800 shares, compared to its average volume of 45,698. The company has a quick ratio of 1.98, a current ratio of 2.24 and a debt-to-equity ratio of -2.17. CPI Card Group has a 12 month low of $1.93 and a 12 month high of $7.80. The company has a market capitalization of $41.40 million, a P/E ratio of -11.97 and a beta of 0.31.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last posted its quarterly earnings data on Thursday, August 9th. The credit services provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.35. The company had revenue of $61.45 million during the quarter, compared to the consensus estimate of $64.86 million. research analysts anticipate that CPI Card Group will post -0.33 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of PMTS. Weber Alan W bought a new position in shares of CPI Card Group in the second quarter worth about $200,000. CIBC World Markets Inc. raised its stake in shares of CPI Card Group by 73.3% in the first quarter. CIBC World Markets Inc. now owns 85,720 shares of the credit services provider’s stock worth $258,000 after buying an additional 36,255 shares during the period. Finally, Thompson Investment Management Inc. raised its stake in shares of CPI Card Group by 31.2% in the second quarter. Thompson Investment Management Inc. now owns 151,310 shares of the credit services provider’s stock worth $303,000 after buying an additional 36,000 shares during the period. 8.09% of the stock is currently owned by hedge funds and other institutional investors.

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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