CalAmp Corp. Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:CAMP)
CalAmp Corp. (NASDAQ:CAMP) has earned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.39.
A number of research firms have recently commented on CAMP. Analysts at William Blair initiated coverage on shares of CalAmp Corp. in a research note on Thursday, July 17th. They set an “outperform” rating on the stock. Separately, analysts at Northland Securities cut their price target on shares of CalAmp Corp. from $30.00 to $28.00 in a research note on Wednesday, July 2nd. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of CalAmp Corp. from $28.00 to $26.00 in a research note on Wednesday, July 2nd. They now have an “outperform” rating on the stock.
Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 17.61 on Friday. CalAmp Corp. has a one year low of $14.74 and a one year high of $34.85. The stock’s 50-day moving average is $18.2 and its 200-day moving average is $23.08. The company has a market cap of $626.4 million and a P/E ratio of 50.46.
CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts expect that CalAmp Corp. will post $0.91 EPS 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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