CalAmp Corp. (NASDAQ:CAMP)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a research note issued to investors on Wednesday. They currently have a $28.00 target price on the Wireless communications provider’s stock. B. Riley’s price target would suggest a potential upside of 16.23% from the company’s current price.

Several other research analysts also recently weighed in on CAMP. Craig Hallum upped their price objective on shares of CalAmp Corp. from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, June 28th. J P Morgan Chase & Co cut shares of CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 target price on the stock. in a research report on Wednesday. BidaskClub lowered CalAmp Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded CalAmp Corp. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday. Finally, Canaccord Genuity lifted their price objective on shares of CalAmp Corp. from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.75.

CalAmp Corp. (CAMP) traded down 3.32% on Wednesday, reaching $23.29. 700,806 shares of the company traded hands. CalAmp Corp. has a one year low of $12.13 and a one year high of $24.69. The stock has a market capitalization of $829.15 million, a PE ratio of 215.65 and a beta of 1.60. The firm has a 50 day moving average of $19.48 and a 200-day moving average of $18.75.

CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a return on equity of 18.18% and a net margin of 1.31%. The firm had revenue of $89.80 million during the quarter, compared to the consensus estimate of $88.72 million. During the same period last year, the business posted $0.27 EPS. The business’s revenue was down .8% compared to the same quarter last year. On average, analysts anticipate that CalAmp Corp. will post $1.17 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/04/calamp-corp-camp-earns-buy-rating-from-b-riley.html.

A number of large investors have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC bought a new stake in CalAmp Corp. during the 4th quarter worth approximately $9,555,000. Emerald Acquisition Ltd. purchased a new stake in CalAmp Corp. in the 2nd quarter worth approximately $8,725,000. Divisar Capital Management LLC purchased a new stake in CalAmp Corp. in the 4th quarter worth approximately $8,264,000. Russell Investments Group Ltd. purchased a new stake in CalAmp Corp. in the 4th quarter worth approximately $7,506,000. Finally, Mckinley Capital Management LLC Delaware lifted its stake in CalAmp Corp. by 412.0% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 440,021 shares of the Wireless communications provider’s stock worth $7,890,000 after purchasing an additional 354,086 shares in the last quarter. 72.88% of the stock is owned by institutional investors.

About CalAmp Corp.

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

Analyst Recommendations for CalAmp Corp. (NASDAQ:CAMP)

Receive News & Ratings for CalAmp Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAmp Corp. and related companies with MarketBeat.com's FREE daily email newsletter.