Shares of CalAmp Corp. (NASDAQ:CAMP) have received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.13.

Several equities analysts have recently commented on the company. BidaskClub upgraded CalAmp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. Zacks Investment Research downgraded CalAmp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 12th. B. Riley restated a “buy” rating and issued a $28.00 price objective (down from $32.00) on shares of CalAmp in a research report on Friday, December 14th. First Analysis downgraded CalAmp from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $29.00 to $22.00 in a research report on Tuesday, December 11th. Finally, JPMorgan Chase & Co. downgraded CalAmp from an “overweight” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Monday, March 25th.

Several hedge funds have recently modified their holdings of CAMP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of CalAmp in the third quarter worth about $202,000. Martingale Asset Management L P bought a new stake in shares of CalAmp in the third quarter worth about $411,000. BlackRock Inc. increased its holdings in shares of CalAmp by 3.2% in the third quarter. BlackRock Inc. now owns 5,368,868 shares of the Wireless communications provider’s stock worth $128,638,000 after purchasing an additional 166,312 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of CalAmp by 74.3% in the third quarter. Panagora Asset Management Inc. now owns 126,742 shares of the Wireless communications provider’s stock worth $3,037,000 after purchasing an additional 54,026 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of CalAmp by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,665,896 shares of the Wireless communications provider’s stock worth $39,913,000 after purchasing an additional 13,219 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CAMP traded up $0.09 on Friday, hitting $12.94. 34,883 shares of the company traded hands, compared to its average volume of 279,831. The company has a market capitalization of $440.23 million, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.96 and a current ratio of 4.29. CalAmp has a 52-week low of $10.91 and a 52-week high of $24.52.

About CalAmp

CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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