Roth Capital upgraded shares of Pointer Telocation (NASDAQ:PNTR) from a neutral rating to a buy rating in a research note released on Monday, March 12th, MarketBeat reports. Roth Capital currently has $19.00 price target on the communications equipment provider’s stock.
PNTR has been the topic of several other research reports. Zacks Investment Research lowered shares of Pointer Telocation from a hold rating to a strong sell rating in a research report on Wednesday, January 17th. B. Riley reiterated a buy rating and issued a $20.00 target price on shares of Pointer Telocation in a research report on Thursday, November 16th. HC Wainwright set a $18.00 target price on shares of Pointer Telocation and gave the company a buy rating in a research report on Thursday, November 16th. ValuEngine upgraded shares of Pointer Telocation from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Finally, TheStreet downgraded shares of Pointer Telocation from a b rating to a c+ rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $18.40.
Shares of PNTR stock opened at $16.10 on Monday. The company has a market cap of $126.13, a price-to-earnings ratio of 13.77 and a beta of 0.83. The company has a current ratio of 1.44, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. Pointer Telocation has a 52-week low of $8.50 and a 52-week high of $19.65.
Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Tuesday, February 27th. The communications equipment provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Pointer Telocation had a net margin of 21.14% and a return on equity of 17.26%. The company had revenue of $18.85 million for the quarter, compared to analyst estimates of $20.14 million. equities analysts expect that Pointer Telocation will post 1.05 EPS for the current year.
Several large investors have recently bought and sold shares of PNTR. Macquarie Group Ltd. purchased a new position in shares of Pointer Telocation in the third quarter worth about $354,000. Bank of Montreal Can lifted 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 worth $150,000 after buying an additional 7,778 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Pointer Telocation by 8.1% in 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 in the last quarter. Navellier & Associates Inc purchased a new position in shares of Pointer Telocation in the fourth quarter worth about $312,000. Finally, ARK Investment Management LLC purchased a new position in shares of Pointer Telocation in the fourth quarter worth about $279,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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