Pointer Telocation (NASDAQ:PNTR) has received an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.00.
A number of research firms have weighed in on PNTR. ValuEngine raised shares of Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Roth Capital raised shares of Pointer Telocation from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Monday, March 12th. HC Wainwright reissued a “buy” rating on shares of Pointer Telocation in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Pointer Telocation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 17th. Finally, TheStreet downgraded shares of Pointer Telocation from a “b” rating to a “c+” rating in a report on Tuesday, February 27th.
Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in Pointer Telocation by 2,592.7% in the 4th 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 during the last quarter. ARK Investment Management LLC acquired a new stake in Pointer Telocation in the 4th quarter valued at approximately $279,000. Navellier & Associates Inc acquired a new stake in Pointer Telocation in the 4th quarter valued at approximately $312,000. Macquarie Group Ltd. acquired a new stake in Pointer Telocation in the 3rd quarter valued at approximately $354,000. Finally, Acadian Asset Management LLC increased its holdings in Pointer Telocation by 8.1% in the 4th quarter. Acadian Asset Management LLC now owns 67,842 shares of the communications equipment provider’s stock valued at $1,262,000 after purchasing an additional 5,085 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.
PNTR traded down $0.23 during trading on Friday, reaching $14.25. The company’s stock had a trading volume of 3,466 shares, compared to its average volume of 24,284. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.44 and a quick ratio of 1.13. Pointer Telocation has a 1 year low of $8.65 and a 1 year high of $19.65. The firm has a market capitalization of $119.31, a price-to-earnings ratio of 12.72 and a beta of 0.90.
Pointer Telocation (NASDAQ:PNTR) last released its earnings results on Tuesday, February 27th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $18.85 million for the quarter, compared to analyst estimates of $20.14 million. equities analysts anticipate that Pointer Telocation will post 1.05 earnings per share for the current fiscal year.
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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.
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