Shares of Pointer Telocation Ltd. (NASDAQ:PNTR) have received a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.25.
Several equities research analysts recently issued reports on PNTR shares. ValuEngine downgraded Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley reissued a “buy” rating and issued a $19.25 price objective on shares of Pointer Telocation in a research note on Wednesday, November 8th. Roth Capital downgraded Pointer Telocation from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Sunday, November 19th. Zacks Investment Research downgraded Pointer Telocation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, HC Wainwright set a $18.00 price objective on Pointer Telocation and gave the stock a “buy” rating in a research note on Thursday, August 17th.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Rice Hall James & Associates LLC raised its stake in shares of 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 worth $579,000 after purchasing an additional 514 shares in the last quarter. Eagle Global Advisors LLC raised its stake in shares of 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 worth $267,000 after purchasing an additional 5,055 shares in the last quarter. Acadian Asset Management LLC raised its stake 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 purchasing an additional 5,327 shares in the last quarter. Cavalier Investments LLC purchased a new stake in shares of Pointer Telocation during the 3rd quarter worth about $285,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Pointer Telocation during the 3rd quarter worth about $354,000. 9.47% of the stock is owned by institutional investors.
Pointer Telocation (PNTR) opened at $17.75 on Friday. The firm has a market capitalization of $143.00, a price-to-earnings ratio of 16.64 and a beta of 0.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.42 and a quick ratio of 1.13. Pointer Telocation has a 1 year low of $6.78 and a 1 year high of $18.94.
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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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