CPI Card Group (NASDAQ:PMTS) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of CPI Card Group (NASDAQ:PMTS) (TSE:PNT) from a hold rating to a buy rating in a research note published on Thursday, Zacks.com reports. The brokerage currently has $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. “

Several other equities research analysts have also recently weighed in on PMTS. ValuEngine cut shares of WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Barrington Research set a $68.00 price target on shares of WNS and gave the company a buy rating in a research report on Wednesday, July 3rd.

Shares of CPI Card Group stock opened at $2.67 on Thursday. CPI Card Group has a 52-week low of $1.93 and a 52-week high of $4.18. The firm has a fifty day simple moving average of $2.63.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its quarterly earnings data on Thursday, May 9th. The credit services provider reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.26. The business had revenue of $66.87 million during the quarter, compared to analysts’ expectations of $57.99 million. As a group, analysts forecast that CPI Card Group will post -0.92 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in CPI Card Group stock. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 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 as of its most recent SEC filing. 8.30% of the stock is currently owned by hedge funds and other institutional investors.

About CPI Card Group

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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