Pointer Telocation Ltd. (PNTR) Upgraded to “Strong-Buy” at ValuEngine
Pointer Telocation Ltd. (NASDAQ:PNTR) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.
Several other research analysts have also issued reports on PNTR. Rodman & Renshaw increased their price target on shares of Pointer Telocation from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, May 19th. Zacks Investment Research lowered shares of Pointer Telocation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Roth Capital started 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 for the company. HC Wainwright set a $18.00 price target on shares of Pointer Telocation and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, B. Riley started coverage on shares of Pointer Telocation in a research report on Thursday, August 17th. They issued a “buy” rating and a $19.25 price target for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.06.
Pointer Telocation (NASDAQ:PNTR) opened at 14.50 on Friday. Pointer Telocation has a 52 week low of $6.78 and a 52 week high of $14.96. The firm has a market capitalization of $115.68 million, a P/E ratio of 24.41 and a beta of 0.65. The firm has a 50-day moving average price of $13.23 and a 200-day moving average price of $10.79.
Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $18.23 million. Equities analysts forecast that Pointer Telocation will post $0.85 EPS for the current year.
WARNING: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/02/pointer-telocation-ltd-pntr-upgraded-to-strong-buy-at-valuengine.html.
A number of hedge funds have recently modified their holdings of PNTR. Senvest Management LLC purchased a new stake in shares of Pointer Telocation during the second quarter valued at $293,000. Renaissance Technologies LLC boosted its stake in Pointer Telocation by 14.1% in the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock valued at $1,700,000 after buying an additional 23,800 shares during the period. Eagle Global Advisors LLC bought a new stake in Pointer Telocation during the first quarter valued at approximately $159,000. 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 buying an additional 5,327 shares during the period. Finally, Rice Hall James & Associates LLC boosted its stake in Pointer Telocation by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock valued at $579,000 after buying an additional 514 shares during the period. 7.86% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for Pointer Telocation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation Ltd. and related stocks with our FREE daily email newsletter.