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Investment analysts at Craig Hallum reduced their target price on shares of CalAmp Corp. (NASDAQ:CAMP) to $27.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. Craig Hallum’s price target points to a potential upside of 9.62% from the company’s current price.

Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 24.63 on Friday. CalAmp Corp. has a 52 week low of $10.25 and a 52 week high of $34.85. The stock’s 50-day moving average is $28.08 and its 200-day moving average is $27.21. The company has a market cap of $866.3 million and a P/E ratio of 20.61.

CalAmp Corp. (NASDAQ:CAMP) last announced its earnings results on Thursday, April 24th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $59.85 million for the quarter, compared to the consensus estimate of $61.49 million. During the same quarter last year, the company posted $0.16 earnings per share. CalAmp Corp.’s revenue was up 23.7% compared to the same quarter last year. On average, analysts predict that CalAmp Corp. will post $1.04 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities cut their price target on shares of CalAmp Corp. from $37.00 to $30.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at B. Riley upgraded shares of CalAmp Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $32.50 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $32.31.

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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