Northland Securities reaffirmed their buy rating on shares of CalAmp Corp. (NASDAQ:CAMP) in a research note published on Sunday. Northland Securities currently has a $25.00 target price on the Wireless communications provider’s stock.

Other equities research analysts also recently issued reports about the company. B. Riley reissued a buy rating and set a $22.00 target price on shares of CalAmp Corp. in a research report on Monday, June 26th. Canaccord Genuity boosted their price target on CalAmp Corp. from $23.00 to $26.00 and gave the company a buy rating in a research note on Friday. Craig Hallum upped their price target on CalAmp Corp. from $19.00 to $23.00 and gave the company a buy rating in a report on Wednesday, June 28th. BidaskClub raised CalAmp Corp. from a sell rating to a hold rating in a report on Friday, August 25th. Finally, J P Morgan Chase & Co began coverage on CalAmp Corp. in a research report on Monday, August 28th. They issued a neutral rating and a $20.00 price objective for the company. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. CalAmp Corp. has an average rating of Buy and an average price target of $22.63.

CalAmp Corp. (CAMP) opened at 23.25 on Friday. The firm has a market cap of $827.72 million, a P/E ratio of 215.28 and a beta of 1.60. The firm has a 50-day moving average of $18.74 and a 200-day moving average of $18.41. CalAmp Corp. has a 12-month low of $12.13 and a 12-month high of $23.36.

CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings data on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The company had revenue of $89.80 million for the quarter, compared to the consensus estimate of $88.72 million. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, analysts expect that CalAmp Corp. will post $1.17 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in CAMP. Vanguard Group Inc. raised its holdings in shares of CalAmp Corp. by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,012,399 shares of the Wireless communications provider’s stock worth $40,911,000 after buying an additional 63,759 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CalAmp Corp. by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,735,058 shares of the Wireless communications provider’s stock worth $35,274,000 after buying an additional 155,739 shares during the period. State Street Corp lifted its position in shares of CalAmp Corp. by 4.4% during the 2nd quarter. State Street Corp now owns 891,016 shares of the Wireless communications provider’s stock worth $18,114,000 after buying an additional 37,172 shares during the period. Voya Investment Management LLC lifted its position in shares of CalAmp Corp. by 2.8% during the 2nd quarter. Voya Investment Management LLC now owns 878,417 shares of the Wireless communications provider’s stock worth $17,858,000 after buying an additional 23,819 shares during the period. Finally, Tributary Capital Management LLC lifted its position in shares of CalAmp Corp. by 11.7% during the 2nd quarter. Tributary Capital Management LLC now owns 798,066 shares of the Wireless communications provider’s stock worth $16,225,000 after buying an additional 83,840 shares during the period. Institutional investors own 72.88% of the company’s stock.

CalAmp Corp. Company Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

Analyst Recommendations for CalAmp Corp. (NASDAQ:CAMP)

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