CPI Card Group Inc (PMTS) is Downgraded by Goldman to Neutral

CPI Card Group Inc (PMTS) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on May 12, 2016.

Many Wall Street Analysts have commented on CPI Card Group Inc. Shares were Downgraded by Robert W. Baird on May 12, 2016 to ” Neutral” and Lowered the Price Target to $ 4 from a previous price target of $14 .CPI Card Group Inc was Downgraded by CIBC to ” Sector Perform” on May 12, 2016.

On the company’s financial health, CPI Card Group Inc reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 11, 2016. Analyst had a consensus of $0.14. The company had revenue of $86.39 million for the quarter, compared to analysts expectations of $88.26 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

In a different news, on Oct 19, 2015, Steve Montross (CEO) purchased 100 shares at $10.00 per share price. According to the SEC, on Oct 19, 2015, Nicholas Cahn (Managing Dir.-CPI Europe) sold 14,790 shares at $9.50 per share price. On Oct 19, 2015, Jerry Dreiling (VP & Chief Accounting Officer) sold 19,941 shares at $9.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Cpi Card Group Inc is a United States-based global provider of payment solutions including card production card personalization mobile technologies and fulfillment services. It manufactures secured contactless smart cards and provides Financial Institutions with a range of products including contactless smart card using radio-frequency identification (RFID) contactless RFID stickers Europay MasterCard and Visa (EMV) cards MicroSD contactless physical access cards and contactless FOB. The Company’s packaging services include card and package design card manufacturing and personalization secure packaging and distribution for multiple industries. It offers a suite of solutions for smart card programs in the financial commercial transit and government sectors. The Company offers a range of mailing and fulfillment solutions to compliment any type of card program. Its mailing and fulfillment solutions include packaging personalization and fulfillment.

CPI Card Group Inc

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