Shares of Pointer Telocation Ltd (NASDAQ:PNTR) have been given a consensus rating of “Buy” by the seven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.00.
A number of research firms have commented on PNTR. Zacks Investment Research cut Pointer Telocation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 17th. B. Riley reiterated a “buy” rating and issued a $20.00 price target on shares of Pointer Telocation in a research note on Thursday, November 16th. HC Wainwright set a $18.00 price target on Pointer Telocation and gave the company a “buy” rating in a research note on Thursday, November 16th. ValuEngine upgraded Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Roth Capital restated a “neutral” rating and issued a $16.00 price objective on shares of Pointer Telocation in a research note on Monday, November 20th.
Large investors have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Pointer Telocation by 2,592.7% in the fourth quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock worth $150,000 after purchasing an additional 7,778 shares during the last quarter. Cavalier Investments LLC purchased a new position in shares of Pointer Telocation in the third quarter worth about $285,000. Macquarie Group Ltd. purchased a new position in shares of Pointer Telocation in the third quarter worth about $354,000. Finally, Acadian Asset Management LLC raised its stake in shares of Pointer Telocation by 8.1% in the fourth quarter. Acadian Asset Management LLC now owns 67,842 shares of the communications equipment provider’s stock worth $1,262,000 after purchasing an additional 5,085 shares during the last quarter. Hedge funds and other institutional investors own 9.33% of the company’s stock.
Pointer Telocation (NASDAQ PNTR) traded down $0.15 during trading on Friday, reaching $16.80. The company’s stock had a trading volume of 14,500 shares, compared to its average volume of 19,290. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.13 and a current ratio of 1.42. Pointer Telocation has a 52 week low of $7.60 and a 52 week high of $19.65. The stock has a market capitalization of $134.97, a PE ratio of 15.70 and a beta of 0.62.
Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Wednesday, November 15th. The communications equipment provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Pointer Telocation had a return on equity of 18.11% and a net margin of 7.71%. The company had revenue of $20.23 million during the quarter, compared to analysts’ expectations of $19.29 million. equities research analysts predict that Pointer Telocation will post 0.88 EPS for the current fiscal year.
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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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