Pointer Telocation (PNTR) Downgraded by ValuEngine to Buy

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.

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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.

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

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