Pointer Telocation Ltd. (NASDAQ:PNTR) has been given an average rating of “Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.06.
Several analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $19.25 price target on shares of Pointer Telocation in a research note on Wednesday, August 23rd. Roth Capital set a $16.00 price target on Pointer Telocation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. HC Wainwright set a $18.00 price target on Pointer Telocation and gave the stock a “buy” rating in a research note on Thursday, August 17th. ValuEngine upgraded Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded Pointer Telocation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th.
Shares of Pointer Telocation (PNTR) traded up 1.93% during midday trading on Tuesday, hitting $15.85. The company had a trading volume of 54,452 shares. The company’s 50 day moving average is $13.60 and its 200 day moving average is $11.27. The firm has a market cap of $126.45 million, a price-to-earnings ratio of 26.68 and a beta of 0.63. Pointer Telocation has a one year low of $6.78 and a one year high of $16.35.
Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.11. The company had revenue of $20.04 million during the quarter, compared to the consensus estimate of $18.23 million. Pointer Telocation had a return on equity of 17.02% and a net margin of 6.56%. Equities analysts forecast that Pointer Telocation will post $0.86 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. Rice Hall James & Associates LLC boosted its stake in Pointer Telocation by 1.0% during 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 purchasing an additional 514 shares during the period. Eagle Global Advisors LLC boosted its stake in Pointer Telocation by 28.1% during the 2nd quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock valued at $267,000 after purchasing an additional 5,055 shares during the period. Acadian Asset Management LLC boosted its stake in 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 valued at $150,000 after purchasing an additional 5,327 shares during the period. Renaissance Technologies LLC boosted its stake 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 purchasing an additional 23,800 shares during the period. Finally, Senvest Management LLC bought a new stake in Pointer Telocation during the 2nd quarter valued at approximately $293,000. Hedge funds and other institutional investors own 7.86% of the company’s stock.
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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