Pointer Telocation (NASDAQ:PNTR) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
Several other analysts also recently commented on PNTR. HC Wainwright set a $25.00 price objective on Pointer Telocation and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded Pointer Telocation from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet raised Pointer Telocation from a “c+” rating to a “b” rating in a research note on Thursday, April 12th. Finally, 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 note on Monday, March 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $20.25.
PNTR traded down $0.56 on Tuesday, hitting $13.80. 30,000 shares of the company traded hands, compared to its average volume of 29,382. The company has a quick ratio of 1.16, a current ratio of 1.44 and a debt-to-equity ratio of 0.06. The company has a market cap of $116.19 million, a PE ratio of 12.32 and a beta of 0.91. Pointer Telocation has a 12-month low of $9.60 and a 12-month high of $19.65.
Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings data on Tuesday, May 15th. The communications equipment provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $20.88 million during 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%. sell-side analysts expect that Pointer Telocation will post 1.07 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. ETF Managers Group LLC purchased a new position in shares of Pointer Telocation during the 1st quarter worth approximately $113,000. Bank of Montreal Can raised its stake in shares of Pointer Telocation by 2,592.7% during the 4th quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 7,778 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Pointer Telocation by 2,955.2% during the 1st quarter. Royal Bank of Canada now owns 18,331 shares of the communications equipment provider’s stock worth $267,000 after buying an additional 17,731 shares in the last quarter. ARK Investment Management LLC purchased a new position in shares of Pointer Telocation during the 4th quarter worth approximately $279,000. Finally, Navellier & Associates Inc purchased a new position in shares of Pointer Telocation during the 4th quarter worth approximately $312,000. 12.82% of the stock is owned by institutional investors and hedge funds.
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.
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