Pointer Telocation Ltd. (PNTR) Given a $18.00 Price Target by HC Wainwright Analysts
Pointer Telocation Ltd. (NASDAQ:PNTR) has been assigned a $18.00 target price by stock analysts at HC Wainwright in a report issued on Thursday. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. HC Wainwright’s price target suggests a potential upside of 33.83% from the stock’s previous close.
PNTR has been the subject of a number of other reports. Zacks Investment Research raised Pointer Telocation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 20th. Rodman & Renshaw increased their price target on Pointer Telocation from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 19th. Roth Capital began coverage on Pointer Telocation in a research note on Friday, July 7th. They set a “buy” rating and a $16.00 price target for the company. Finally, ValuEngine raised Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Pointer Telocation presently has a consensus rating of “Buy” and an average target price of $16.33.
Shares of Pointer Telocation (NASDAQ PNTR) opened at 13.45 on Thursday. The company has a 50-day moving average price of $12.58 and a 200-day moving average price of $10.28. Pointer Telocation has a 52-week low of $6.33 and a 52-week high of $14.65. The company has a market cap of $106.35 million, a P/E ratio of 29.56 and a beta of 0.65.
Pointer Telocation (NASDAQ:PNTR) last announced its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. Pointer Telocation had a return on equity of 15.39% and a net margin of 5.34%. The company had revenue of $20.04 million during the quarter, compared to analyst estimates of $18.23 million. On average, equities analysts predict that Pointer Telocation will post $0.78 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in shares of Pointer Telocation by 70.1% in the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 5,327 shares during the last quarter. Eagle Global Advisors LLC purchased a new position in shares of Pointer Telocation during the first quarter worth approximately $159,000. Senvest Management LLC purchased a new position in shares of Pointer Telocation during the second quarter worth approximately $293,000. Rice Hall James & Associates LLC raised its position 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 worth $437,000 after buying an additional 33,421 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Pointer Telocation by 13.8% in the fourth quarter. Renaissance Technologies LLC now owns 168,300 shares of the communications equipment provider’s stock worth $1,144,000 after buying an additional 20,400 shares during the last quarter. 7.18% of the stock is owned by institutional investors.
Pointer Telocation Company Profile
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.
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