CalAmp Corp. Upgraded to Buy by B. Riley (CAMP)
CalAmp Corp. (NASDAQ:CAMP) was upgraded by investment analysts at B. Riley from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, Stock Ratings News reports. The firm currently has a $32.50 price objective on the stock. B. Riley’s price target indicates a potential upside of 37.95% from the stock’s previous close.
In other CalAmp Corp. news, Director Frank Perna, Jr. unloaded 8,300 shares of CalAmp Corp. stock on the open market in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $27.97, for a total value of $232,151.00. Following the sale, the director now directly owns 233,022 shares of the company’s stock, valued at approximately $6,517,625. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of CalAmp Corp. (NASDAQ:CAMP) traded up 1.36% on Monday, hitting $23.88. The stock had a trading volume of 1,163,460 shares. CalAmp Corp. has a one year low of $9.30 and a one year high of $34.85. The stock has a 50-day moving average of $29.74 and a 200-day moving average of $26.99. The company has a market cap of $839.9 million and a price-to-earnings ratio of 19.72.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets raised their price target on shares of CalAmp Corp. from $29.00 to $33.00 in a research note on Wednesday, March 26th. They now have an “outperform” rating on the stock. Separately, analysts at Macquarie initiated coverage on shares of CalAmp Corp. in a research note on Thursday, March 20th. They set a “neutral” rating and a $35.00 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of CalAmp Corp. in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. CalAmp Corp. has a consensus rating of “Buy” and a consensus price target of $30.44.
CalAmp Corp. (NASDAQ:CAMP) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications.
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