Pointer Telocation Ltd (NASDAQ:PNTR) had its price objective raised by equities research analysts at Rodman & Renshaw from $10.00 to $15.00 in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the communications equipment provider’s stock. Rodman & Renshaw’s target price suggests a potential upside of 42.86% from the stock’s previous close.

Shares of Pointer Telocation (NASDAQ:PNTR) traded up 0.96% during midday trading on Friday, reaching $10.50. The company had a trading volume of 34,748 shares. The company’s 50 day moving average price is $9.25 and its 200-day moving average price is $8.26. Pointer Telocation has a 52 week low of $5.23 and a 52 week high of $10.95. The company has a market capitalization of $83.02 million, a P/E ratio of 23.08 and a beta of 0.88.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings results on Thursday, May 18th. The communications equipment provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Pointer Telocation had a return on equity of 12.74% and a net margin of 3.51%. The company had revenue of $19.03 million for the quarter, compared to the consensus estimate of $17.10 million. On average, equities research analysts predict that Pointer Telocation will post $0.81 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Pointer Telocation by 14.1% in the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock valued at $1,700,000 after buying an additional 23,800 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Pointer Telocation by 209.5% in the first quarter. Rice Hall James & Associates LLC now owns 49,371 shares of the communications equipment provider’s stock valued at $437,000 after buying an additional 33,421 shares during the period. Morgan Stanley increased its stake in shares of Pointer Telocation by 19.0% in the first quarter. Morgan Stanley now owns 19,410 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 3,100 shares during the period. Finally, Eagle Global Advisors LLC bought a new stake in shares of Pointer Telocation during the first quarter valued at $159,000. Institutional investors own 4.44% of the company’s stock.

About Pointer Telocation

Pointer Telocation Ltd. is a provider of mobile resource management (MRM) products and services for the automotive, insurance industries and other mobile tracking markets, such as cargo, assets, shipping and containers. The Company offers roadside assistance (RSA) services, automobile repair and towing services, stolen vehicle recovery (SVR) and other services.

12 Month Chart for NASDAQ:PNTR

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