Pointer Telocation (NASDAQ:PNTR) has been given a $25.00 target price by equities researchers at HC Wainwright in a research report issued on Tuesday. The firm presently has a “buy” rating on the communications equipment provider’s stock. HC Wainwright’s price target suggests a potential upside of 80.51% from the company’s current price.
The analysts wrote, “We believe that, if successfully implemented in Israel, the technology could then be extended around the world to be used as a tool to reduce traffic accidents by predicting effects of varied driving behavior. According to the press release, MSFT plans to eventually make this service available to customers worldwide through its AZURE Data Center. We are not making any changes to our model at present, but believe that this collaboration could provide a significant upside to the story. Valuation. We believe the company’s repositioning as an MRM pure play has provided strategic clarity for management to focus on a combination of new product introductions and M&A activity to increase market share.””
A number of other equities research analysts have also recently issued reports on the company. ValuEngine cut Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 13th. Roth Capital raised Pointer Telocation from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, March 12th. TheStreet cut Pointer Telocation from a “b” rating to a “c+” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research raised Pointer Telocation from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.13.
Shares of Pointer Telocation traded down $0.51, reaching $13.85, during trading hours on Tuesday, according to Marketbeat.com. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 50,438. The company has a market capitalization of $116.19 million, a price-to-earnings ratio of 12.37 and a beta of 0.91. Pointer Telocation has a 1-year low of $9.60 and a 1-year high of $19.65. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.44 and a quick ratio of 1.16.
Pointer Telocation (NASDAQ:PNTR) last issued its earnings results on Tuesday, May 15th. The communications equipment provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $20.88 million for the quarter, compared to the consensus estimate of $20.40 million. Pointer Telocation had a return on equity of 15.94% and a net margin of 20.90%. equities research analysts expect that Pointer Telocation will post 1.07 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. ETF Managers Group LLC acquired a new position in shares of Pointer Telocation in the first quarter valued at $113,000. Bank of Montreal Can raised its stake in shares of Pointer Telocation by 2,592.7% in the fourth quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock valued at $150,000 after purchasing an additional 7,778 shares in the last quarter. ARK Investment Management LLC acquired a new position in shares of Pointer Telocation in the fourth quarter valued at $279,000. Navellier & Associates Inc acquired a new position in Pointer Telocation during the fourth quarter worth $312,000. Finally, Royal Bank of Canada raised its stake in Pointer Telocation by 2,955.2% during the first quarter. Royal Bank of Canada now owns 18,331 shares of the communications equipment provider’s stock worth $267,000 after acquiring an additional 17,731 shares in the last quarter. Institutional investors and hedge funds own 12.82% of the company’s stock.
Pointer Telocation Company Profile
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.
Receive News & Ratings for Pointer Telocation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation and related companies with MarketBeat.com's FREE daily email newsletter.