CalAmp Corp. Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:CAMP)
CalAmp Corp. (NASDAQ:CAMP) has earned a consensus rating of “Buy” from the thirteen brokerages that are covering the company, AmericanBankingNews.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $29.50.
A number of analysts have recently weighed in on CAMP shares. Analysts at Stephens initiated coverage on shares of CalAmp Corp. in a research note on Thursday, May 15th. They set an “overweight” rating and a $25.00 price target on the stock. Separately, analysts at First Analysis upgraded shares of CalAmp Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 14th. Finally, analysts at Zacks downgraded shares of CalAmp Corp. from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th. They now have a $14.50 price target on the stock.
CalAmp Corp. (NASDAQ:CAMP) traded down 1.21% on Wednesday, hitting $18.73. 160,791 shares of the company’s stock traded hands. CalAmp Corp. has a 1-year low of $12.60 and a 1-year high of $34.85. The stock has a 50-day moving average of $19.91 and a 200-day moving average of $26.19. The company has a market cap of $661.8 million and a price-to-earnings ratio of 57.45.
CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly 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 $0.97 earnings per share for the current fiscal year.
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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