Pointer Telocation Ltd. (PNTR) Given Average Recommendation of “Buy” by Analysts
Pointer Telocation Ltd. (NASDAQ:PNTR) has been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.06.
A number of equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $19.25 price target on shares of Pointer Telocation in a report on Thursday. HC Wainwright set a $18.00 price target on shares of Pointer Telocation and gave the company a “buy” rating in a report on Thursday. Roth Capital set a $16.00 price target on shares of Pointer Telocation and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Pointer Telocation from a “strong sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Rodman & Renshaw lifted their price target on shares of Pointer Telocation from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, May 19th.
Institutional investors have recently bought and sold shares of the stock. Rice Hall James & Associates LLC raised its position in 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 last quarter. Senvest Management LLC acquired a new position in Pointer Telocation during the second quarter valued at $293,000. Renaissance Technologies LLC raised its position in 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 last quarter. Eagle Global Advisors LLC acquired a new position in Pointer Telocation during the first quarter valued at $159,000. Finally, Acadian Asset Management LLC raised its position in 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 valued at $150,000 after buying an additional 5,327 shares during the last quarter. Institutional investors and hedge funds own 7.18% of the company’s stock.
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Pointer Telocation (NASDAQ PNTR) opened at 13.35 on Friday. The firm’s 50-day moving average price is $12.62 and its 200-day moving average price is $10.30. The firm has a market capitalization of $106.51 million, a PE ratio of 22.47 and a beta of 0.65. Pointer Telocation has a 1-year low of $6.46 and a 1-year high of $14.65.
Pointer Telocation (NASDAQ:PNTR) last announced its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. The company had revenue of $20.04 million for the quarter, compared to analyst estimates of $18.23 million. Pointer Telocation had a net margin of 5.34% and a return on equity of 15.39%. On average, equities research analysts predict that Pointer Telocation will post $0.82 EPS for the current fiscal year.
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.
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