CalAmp Corp. Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:CAMP)
Shares of CalAmp Corp. (NASDAQ:CAMP) have been given a consensus rating of “Buy” by the thirteen analysts that are covering the company, Analyst RN reports. One investment analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $29.39.
Several analysts have recently commented on the stock. 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 17.91 on Friday. CalAmp Corp. has a one year low of $14.74 and a one year high of $34.85. The stock has a 50-day moving average of $18.01 and a 200-day moving average of $22.87. The company has a market cap of $637.1 million and a P/E ratio of 49.91.
CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings data 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. 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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