CalAmp Corp. Price Target Cut to $26.00 (CAMP)
Equities research analysts at FBR Capital Markets dropped their price objective on shares of CalAmp Corp. (NASDAQ:CAMP) from $28.00 to $26.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 17.86% from the stock’s previous close.
Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 22.06 on Wednesday. CalAmp Corp. has a one year low of $14.71 and a one year high of $34.85. The stock has a 50-day moving average of $19.23 and a 200-day moving average of $25.37. The company has a market cap of $779.4 million and a price-to-earnings ratio of 65.64.
CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $59.00 million for the quarter, compared to the consensus estimate of $57.98 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that CalAmp Corp. will post $0.97 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CAMP. Analysts at Canaccord Genuity cut their price target on shares of CalAmp Corp. from $35.00 to $28.00 in a research note on Wednesday. Separately, analysts at Zacks upgraded shares of CalAmp Corp. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. They now have a $21.40 price target on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. CalAmp Corp. currently has a consensus rating of “Buy” and an average price target of $28.79.
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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