HC Wainwright Reiterates $18.00 Price Target for Pointer Telocation Ltd. (PNTR)
HC Wainwright set a $18.00 target price on Pointer Telocation Ltd. (NASDAQ:PNTR) in a research note issued to investors on Thursday. The firm currently has a buy rating on the communications equipment provider’s stock.
A number of other analysts also recently issued reports on PNTR. Zacks Investment Research raised Pointer Telocation from a strong sell rating to a hold rating in a report on Thursday, July 20th. Roth Capital set a $16.00 price target on Pointer Telocation and gave the stock a buy rating in a report on Tuesday, August 15th. B. Riley assumed coverage on Pointer Telocation in a report on Thursday, August 17th. They set a buy rating and a $19.25 price target for the company. ValuEngine raised Pointer Telocation from a buy rating to a strong-buy rating in a report on Friday, September 1st. Finally, TheStreet raised Pointer Telocation from a c+ rating to a b- rating in a report on Monday, October 2nd. Six research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus price target of $17.80.
Pointer Telocation (NASDAQ PNTR) traded down $0.20 during trading hours on Thursday, reaching $17.55. The company had a trading volume of 40,023 shares, compared to its average volume of 30,719. The stock has a market capitalization of $140.99, a price-to-earnings ratio of 16.40 and a beta of 0.77. Pointer Telocation has a 52-week low of $6.78 and a 52-week high of $18.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.12 and a current ratio of 1.42.
Pointer Telocation (NASDAQ:PNTR) last released its earnings results 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. The firm had revenue of $20.04 million during the quarter, compared to analyst estimates of $18.23 million. Pointer Telocation had a return on equity of 18.11% and a net margin of 7.71%. equities analysts anticipate that Pointer Telocation will post 0.87 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in PNTR. Renaissance Technologies LLC lifted 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 worth $1,700,000 after buying an additional 23,800 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Pointer Telocation by 70.1% during the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after purchasing an additional 5,327 shares in the last quarter. Eagle Global Advisors LLC increased its position in shares of Pointer Telocation by 28.1% during the second quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock worth $267,000 after purchasing an additional 5,055 shares in the last quarter. Rice Hall James & Associates LLC increased its position in shares of Pointer Telocation by 1.0% during the second quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after purchasing an additional 514 shares in the last quarter. Finally, Senvest Management LLC acquired a new stake in shares of Pointer Telocation during the second quarter worth about $293,000. 8.57% of the stock is owned by 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.
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