Pointer Telocation Ltd. (NASDAQ:PNTR) – Research analysts at B. Riley boosted their Q4 2017 earnings per share (EPS) estimates for shares of Pointer Telocation in a note issued to investors on Thursday. B. Riley analyst J. Nichols now anticipates that the communications equipment provider will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.19. B. Riley currently has a “Buy” rating and a $20.00 price objective on the stock. B. Riley also issued estimates for Pointer Telocation’s Q1 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.96 EPS.

Several other research firms also recently commented on PNTR. HC Wainwright set a $18.00 price objective on Pointer Telocation and gave the company a “buy” rating in a research note on Thursday. ValuEngine downgraded Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet raised Pointer Telocation from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Pointer Telocation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Roth Capital set a $16.00 price objective on Pointer Telocation and gave the company a “buy” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Pointer Telocation currently has a consensus rating of “Buy” and a consensus target price of $17.25.

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Pointer Telocation (PNTR) traded down $0.20 on Friday, reaching $17.55. The company’s stock had a trading volume of 40,023 shares, compared to its average volume of 33,941. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The stock has a market cap of $140.19, a P/E ratio of 19.20 and a beta of 0.70. Pointer Telocation has a 12-month low of $6.78 and a 12-month high of $18.94.

Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.11. The firm had revenue of $20.04 million during the quarter, compared to the consensus estimate of $18.23 million. Pointer Telocation had a return on equity of 17.02% and a net margin of 6.56%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Pointer Telocation by 14.1% during the 1st quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock worth $1,700,000 after purchasing an additional 23,800 shares during the period. Rice Hall James & Associates LLC increased its position in Pointer Telocation by 1.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after purchasing an additional 514 shares during the period. Senvest Management LLC acquired a new position in Pointer Telocation during the 2nd quarter worth approximately $293,000. Eagle Global Advisors LLC increased its position in Pointer Telocation by 28.1% during the 2nd quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock worth $267,000 after purchasing an additional 5,055 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in Pointer Telocation during the 3rd quarter worth approximately $354,000. Institutional investors own 8.57% of the company’s stock.

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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