ValuEngine cut shares of Pointer Telocation (NASDAQ:PNTR) from a strong-buy rating to a buy rating in a report released on Friday.
PNTR has been the subject of a number of other reports. TheStreet downgraded Pointer Telocation from a b rating to a c+ rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Pointer Telocation from a sell rating to a hold rating in a research note on Wednesday, March 7th. HC Wainwright restated a buy rating on shares of Pointer Telocation in a research note on Thursday, January 4th. Finally, Roth Capital upgraded Pointer Telocation from a neutral rating to a buy rating and set a $19.00 target price for the company in a research note on Monday, March 12th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Pointer Telocation presently has an average rating of Buy and an average target price of $17.80.
Shares of Pointer Telocation stock opened at $14.45 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.44 and a quick ratio of 1.13. The stock has a market capitalization of $118.49, a P/E ratio of 12.90 and a beta of 0.90. Pointer Telocation has a fifty-two week low of $8.65 and a fifty-two week high of $19.65.
Pointer Telocation (NASDAQ:PNTR) last announced its quarterly earnings data on Tuesday, February 27th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Pointer Telocation had a return on equity of 17.26% and a net margin of 21.14%. The firm had revenue of $18.85 million during the quarter, compared to analyst estimates of $20.14 million. equities research analysts anticipate that Pointer Telocation will post 1.19 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Delek Group Ltd. acquired a new position in Pointer Telocation in the fourth quarter valued at approximately $2,999,000. Meitav Dash Investments Ltd. acquired a new position in shares of Pointer Telocation during the fourth quarter worth approximately $1,330,000. Acadian Asset Management LLC boosted its position in shares of Pointer Telocation by 8.1% during the fourth quarter. Acadian Asset Management LLC now owns 67,842 shares of the communications equipment provider’s stock worth $1,262,000 after buying an additional 5,085 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Pointer Telocation during the third quarter worth approximately $354,000. Finally, Navellier & Associates Inc acquired a new position in shares of Pointer Telocation during the fourth quarter worth approximately $312,000. Institutional investors own 12.96% of the company’s stock.
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About Pointer Telocation
Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive, insurance industries, and other mobile tracking markets worldwide. It operates in three segments: Cellocator, MRM, and Roadside Assistance (RSA). The Cellocator segment designs, develops, and manufactures MRM products comprising asset tracking; fleet management; and stolen vehicle retrieval (SVR) products consisting of remote monitoring and control solutions, such as installation in vehicles, command and control center products, and communication infrastructure products.
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