Pointer Telocation Ltd. (NASDAQ:PNTR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $20.00 target price on the communications equipment provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.96% from the company’s current price.

According to Zacks, “Pointer Telocation Ltd provides range of services to insurance companies and automobile owners, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet management and other value added services. Pointer Telocation provides services, for the most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through its local subsidiaries. “

A number of other equities analysts also recently issued reports on PNTR. Roth Capital set a $16.00 price objective on shares of Pointer Telocation and gave the company a “buy” rating in a research note on Tuesday, August 15th. HC Wainwright set a $18.00 price objective on shares of Pointer Telocation and gave the company a “buy” rating in a research note on Thursday, August 17th. B. Riley started coverage on shares of Pointer Telocation in a research note on Thursday, August 17th. They set a “buy” rating and a $19.25 price objective on the stock. ValuEngine upgraded shares of Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, TheStreet upgraded shares of Pointer Telocation from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Six research analysts have rated the stock with a buy rating, Pointer Telocation currently has a consensus rating of “Buy” and a consensus target price of $17.80.

Pointer Telocation (NASDAQ:PNTR) opened at $17.55 on Friday. The company has a market cap of $140.19, a P/E ratio of 19.20 and a beta of 0.70. Pointer Telocation has a 1 year low of $6.78 and a 1 year high of $18.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.41.

Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. Pointer Telocation had a net margin of 6.56% and a return on equity of 17.02%. The firm had revenue of $20.04 million for the quarter, compared to the consensus estimate of $18.23 million. research analysts anticipate that Pointer Telocation will post 0.85 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in PNTR. Acadian Asset Management LLC boosted its stake 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 acquiring an additional 5,327 shares in the last quarter. Cavalier Investments LLC acquired a new stake in Pointer Telocation in the third quarter valued at approximately $285,000. Macquarie Group Ltd. acquired a new stake in Pointer Telocation in the third quarter valued at approximately $354,000. Eagle Global Advisors LLC boosted its stake in Pointer Telocation by 28.1% in the second quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock valued at $267,000 after acquiring an additional 5,055 shares in the last quarter. Finally, Senvest Management LLC acquired a new stake in Pointer Telocation in the second quarter valued at approximately $293,000. Hedge funds and other institutional investors own 8.57% of the company’s stock.

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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