CPI Card Group (NASDAQ:PMTS) Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of CPI Card Group (NASDAQ:PMTS) (TSE:PNT) from a hold rating to a buy rating in a report published on Thursday morning, Zacks.com reports. They currently have $3.00 price target on the credit services provider’s stock.

According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “

Other analysts have also issued research reports about the stock. Barrington Research set a $68.00 target price on shares of WNS and gave the stock a buy rating in a report on Wednesday, July 3rd. ValuEngine lowered shares of WideOpenWest from a hold rating to a sell rating in a report on Friday, June 28th.

NASDAQ PMTS opened at $2.67 on Thursday. The company has a 50 day simple moving average of $2.63. CPI Card Group has a 12-month low of $1.93 and a 12-month high of $4.18.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last posted its quarterly earnings results on Thursday, May 9th. The credit services provider reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.26. The business had revenue of $66.87 million during the quarter, compared to the consensus estimate of $57.99 million. On average, sell-side analysts expect that CPI Card Group will post -0.92 EPS for the current year.

An institutional investor recently bought a new position in CPI Card Group stock. Emerald Mutual Fund Advisers Trust bought a new position in shares of CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,921 shares of the credit services provider’s stock, valued at approximately $119,000. Emerald Mutual Fund Advisers Trust owned 0.31% of CPI Card Group at the end of the most recent quarter. 8.30% of the stock is owned by 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 Other 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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