Pointer Telocation (NASDAQ:PNTR) Receives Neutral Rating from Roth Capital

Pointer Telocation (NASDAQ:PNTR)‘s stock had its “neutral” rating reissued by equities research analysts at Roth Capital in a research note issued to investors on Monday, November 20th. They presently have a $16.00 price objective on the communications equipment provider’s stock. Roth Capital’s target price points to a potential downside of 3.61% from the stock’s current price.

PNTR has been the topic of a number of other reports. B. Riley reissued a “buy” rating and issued a $20.00 price objective on shares of Pointer Telocation in a research note on Thursday, November 16th. HC Wainwright set a $18.00 target price on shares of Pointer Telocation and gave the stock a “buy” rating in a research report on Thursday, November 16th. TheStreet raised shares of Pointer Telocation from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Pointer Telocation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, ValuEngine raised shares of Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $17.80.

Pointer Telocation (PNTR) traded down $0.35 during trading on Monday, reaching $16.60. 6,798 shares of the company’s stock traded hands, compared to its average volume of 33,571. Pointer Telocation has a 52-week low of $6.78 and a 52-week high of $18.94. The company has a market cap of $133.36, a PE ratio of 15.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.13 and a current ratio of 1.42.

A number of large investors have recently added to or reduced their stakes in PNTR. Renaissance Technologies LLC lifted its position in shares of Pointer Telocation by 14.1% during the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock valued at $1,700,000 after buying an additional 23,800 shares during the last quarter. Acadian Asset Management LLC boosted its position in Pointer Telocation by 70.1% in 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. Eagle Global Advisors LLC lifted its position 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 valued at $267,000 after buying an additional 5,055 shares in the last quarter. Rice Hall James & Associates LLC lifted its position 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 valued at $579,000 after buying an additional 514 shares in the last quarter. Finally, Senvest Management LLC purchased a new position in shares of Pointer Telocation during the 2nd quarter valued at approximately $293,000. 9.22% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/12/07/pointer-telocations-pntr-neutral-rating-reaffirmed-at-roth-capital.html.

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.

Receive News & Ratings for Pointer Telocation Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply