J P Morgan Chase & Co initiated coverage on shares of CalAmp Corp. (NASDAQ:CAMP) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $20.00 target price on the Wireless communications provider’s stock.

CAMP has been the topic of a number of other research reports. B. Riley reiterated a buy rating and set a $22.00 price objective on shares of CalAmp Corp. in a research note on Monday, June 26th. Northland Securities reiterated a buy rating and set a $20.00 price objective on shares of CalAmp Corp. in a research note on Monday, June 26th. Craig Hallum upped their price objective on CalAmp Corp. from $19.00 to $23.00 and gave the stock a buy rating in a research note on Wednesday, June 28th. Finally, BidaskClub upgraded CalAmp Corp. from a sell rating to a hold rating in a research note on Friday, August 25th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. CalAmp Corp. currently has a consensus rating of Hold and a consensus price target of $20.78.

CalAmp Corp. (NASDAQ:CAMP) opened at 18.54 on Monday. The company’s market cap is $656.24 million. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $20.89. The company’s 50-day moving average is $18.80 and its 200 day moving average is $18.09.

CalAmp Corp. (NASDAQ:CAMP) last released its quarterly earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. CalAmp Corp. had a positive return on equity of 18.84% and a negative net margin of 2.05%. The firm had revenue of $88.10 million during the quarter, compared to the consensus estimate of $86.85 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s revenue was down 3.3% on a year-over-year basis. Equities analysts forecast that CalAmp Corp. will post $1.17 earnings per share for the current fiscal year.

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In other CalAmp Corp. news, CEO Michael J. Burdiek sold 10,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the transaction, the chief executive officer now owns 479,093 shares in the company, valued at approximately $9,581,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in CalAmp Corp. by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 75,253 shares of the Wireless communications provider’s stock valued at $1,091,000 after buying an additional 3,535 shares during the last quarter. Russell Investments Group Ltd. boosted its position in CalAmp Corp. by 8.9% in the first quarter. Russell Investments Group Ltd. now owns 555,156 shares of the Wireless communications provider’s stock valued at $9,321,000 after buying an additional 45,294 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in CalAmp Corp. by 12.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 22,937 shares of the Wireless communications provider’s stock valued at $385,000 after buying an additional 2,465 shares during the last quarter. Comerica Bank boosted its position in CalAmp Corp. by 2.5% in the first quarter. Comerica Bank now owns 39,553 shares of the Wireless communications provider’s stock valued at $711,000 after buying an additional 946 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new position in CalAmp Corp. during the first quarter valued at $193,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.

About CalAmp Corp.

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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