Shares of Pointer Telocation Ltd. (NASDAQ:PNTR) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.06.

PNTR has been the topic of a number of recent analyst reports. Roth Capital initiated coverage on shares of Pointer Telocation in a research report on Friday, July 7th. They issued a “buy” rating and a $16.00 price target on the stock. Zacks Investment Research raised shares of Pointer Telocation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 20th. TheStreet raised shares of Pointer Telocation from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. ValuEngine raised shares of Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, HC Wainwright set a $18.00 price target on shares of Pointer Telocation and gave the company a “buy” rating in a research report on Thursday, August 17th.

Pointer Telocation (NASDAQ:PNTR) opened at 18.90 on Wednesday. Pointer Telocation has a 12 month low of $6.78 and a 12 month high of $18.95. The company’s 50-day moving average is $16.85 and its 200 day moving average is $13.12. The firm has a market cap of $151.82 million, a price-to-earnings ratio of 31.55 and a beta of 0.70.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.11. The firm had revenue of $20.04 million for the quarter, compared to analyst estimates of $18.23 million. Pointer Telocation had a net margin of 6.56% and a return on equity of 17.02%. On average, equities research analysts predict that Pointer Telocation will post $0.86 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Rice Hall James & Associates LLC increased its position in Pointer Telocation by 1.0% during the second quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after acquiring an additional 514 shares during the period. Eagle Global Advisors LLC increased its position in Pointer Telocation by 28.1% during the second quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock worth $267,000 after acquiring an additional 5,055 shares during the period. Acadian Asset Management LLC increased its position in Pointer Telocation by 70.1% during the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after acquiring an additional 5,327 shares during the period. Renaissance Technologies LLC increased its position in Pointer Telocation by 14.1% during the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock worth $1,700,000 after acquiring an additional 23,800 shares during the period. Finally, Senvest Management LLC bought a new position in Pointer Telocation during the second quarter worth $293,000. 8.38% of the stock is currently owned by institutional investors and hedge funds.

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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