CalAmp Corp. (NASDAQ:CAMP) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.71.
A number of equities research analysts recently weighed in on CAMP shares. Canaccord Genuity set a $24.00 target price on shares of CalAmp and gave the stock a “buy” rating in a report on Friday, September 27th. ValuEngine lowered shares of CalAmp from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Northland Securities started coverage on shares of CalAmp in a report on Monday, December 2nd. They issued a “buy” rating and a $20.00 target price on the stock. Finally, BidaskClub lowered shares of CalAmp from a “buy” rating to a “hold” rating in a report on Saturday, November 9th.
CAMP stock opened at $10.52 on Wednesday. The stock has a market capitalization of $365.43 million, a PE ratio of 19.83, a price-to-earnings-growth ratio of 4.03 and a beta of 1.94. The company’s 50-day moving average is $10.79 and its 200-day moving average is $10.69. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.36. CalAmp has a 1 year low of $9.35 and a 1 year high of $15.25.
CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, September 26th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.11. The company had revenue of $93.20 million for the quarter, compared to analysts’ expectations of $91.50 million. CalAmp had a negative net margin of 1.50% and a positive return on equity of 9.04%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, analysts anticipate that CalAmp will post 0.27 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of CAMP. Stevens Capital Management LP acquired a new stake in shares of CalAmp in the 2nd quarter worth about $146,000. Meeder Asset Management Inc. acquired a new stake in shares of CalAmp in the 2nd quarter worth about $69,000. Bbva USA Bancshares Inc. raised its holdings in shares of CalAmp by 14.3% in the 2nd quarter. Bbva USA Bancshares Inc. now owns 16,883 shares of the Wireless communications provider’s stock worth $197,000 after acquiring an additional 2,114 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CalAmp in the 2nd quarter worth about $128,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of CalAmp in the 2nd quarter worth about $62,000. Institutional investors own 78.68% of the company’s stock.
CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.
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