Pointer Telocation Ltd. (PNTR) Receives Consensus Recommendation of “Buy” from Analysts
Pointer Telocation Ltd. (NASDAQ:PNTR) has received an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $17.06.
Several equities analysts have commented on the company. ValuEngine raised Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Pointer Telocation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 20th. B. Riley reissued a “buy” rating and issued a $19.25 target price on shares of Pointer Telocation in a research report on Wednesday, August 23rd. HC Wainwright set a $18.00 target price on Pointer Telocation and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Roth Capital set a $16.00 target price on Pointer Telocation and gave the stock a “buy” rating in a research report on Tuesday, August 15th.
Shares of Pointer Telocation (NASDAQ:PNTR) opened at 15.65 on Tuesday. Pointer Telocation has a 1-year low of $6.78 and a 1-year high of $16.35. The company has a market capitalization of $124.86 million, a price-to-earnings ratio of 26.35 and a beta of 0.63. The stock has a 50 day moving average of $13.32 and a 200-day moving average of $11.06.
Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.11. The business had revenue of $20.04 million for the quarter, compared to analysts’ expectations of $18.23 million. Pointer Telocation had a net margin of 6.56% and a return on equity of 17.02%. Analysts forecast that Pointer Telocation will post $0.85 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings 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 valued at $1,700,000 after buying an additional 23,800 shares during the period. Rice Hall James & Associates LLC grew its position in Pointer Telocation by 1.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock valued at $579,000 after acquiring an additional 514 shares during the last quarter. Senvest Management LLC bought a new position in Pointer Telocation in the 2nd quarter valued at $293,000. Eagle Global Advisors LLC grew its position in Pointer Telocation by 28.1% in the 2nd 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 during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Pointer Telocation by 70.1% during the 2nd quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 5,327 shares in the last quarter. Institutional investors own 7.86% 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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