Pointer Telocation (PNTR) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Pointer Telocation (NASDAQ:PNTR) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Several other research firms have also commented on PNTR. HC Wainwright reaffirmed a buy rating and set a $25.00 target price on shares of Pointer Telocation in a report on Thursday, August 16th. Zacks Investment Research lowered Pointer Telocation from a hold rating to a sell rating in a report on Wednesday, November 28th. Finally, Roth Capital set a $17.00 target price on Pointer Telocation and gave the company a buy rating in a report on Wednesday, August 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $19.67.

Shares of NASDAQ:PNTR remained flat at $$11.85 during trading on Friday. The stock had a trading volume of 11,903 shares, compared to its average volume of 7,085. The company has a market capitalization of $96.36 million, a price-to-earnings ratio of 10.58 and a beta of 0.92. Pointer Telocation has a 52 week low of $10.25 and a 52 week high of $19.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.79 and a quick ratio of 1.42.

Pointer Telocation (NASDAQ:PNTR) last posted its earnings results on Thursday, November 15th. The communications equipment provider reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $18.73 million during the quarter, compared to analyst estimates of $19.79 million. Pointer Telocation had a return on equity of 13.81% and a net margin of 21.23%. On average, sell-side analysts forecast that Pointer Telocation will post 1.09 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Financial Inc. boosted its position in shares of Pointer Telocation by 22.7% during the third quarter. B. Riley Financial Inc. now owns 39,751 shares of the communications equipment provider’s stock worth $516,000 after buying an additional 7,364 shares during the period. First Wilshire Securities Management Inc. boosted its position in shares of Pointer Telocation by 74.7% during the third quarter. First Wilshire Securities Management Inc. now owns 31,875 shares of the communications equipment provider’s stock worth $414,000 after buying an additional 13,629 shares during the period. ARK Investment Management LLC boosted its position in shares of Pointer Telocation by 27.8% during the third quarter. ARK Investment Management LLC now owns 45,757 shares of the communications equipment provider’s stock worth $595,000 after buying an additional 9,963 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Pointer Telocation by 18.1% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 457,288 shares of the communications equipment provider’s stock worth $5,945,000 after buying an additional 70,000 shares during the period. Finally, Cannell Capital LLC acquired a new position in shares of Pointer Telocation during the second quarter worth approximately $1,739,000. Institutional investors and hedge funds own 20.23% of the company’s stock.

About Pointer Telocation

Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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