Pointer Telocation Ltd. Expected to Earn FY2017 Earnings of $0.87 Per Share (PNTR)
Pointer Telocation Ltd. (NASDAQ:PNTR) – Stock analysts at B. Riley lifted their FY2017 earnings per share (EPS) estimates for shares of Pointer Telocation in a research note issued on Thursday. B. Riley analyst J. Nichols now anticipates that the communications equipment provider will post earnings per share of $0.87 for the year, up from their prior forecast of $0.80. B. Riley currently has a “Buy” rating and a $20.00 price target on the stock. B. Riley also issued estimates for Pointer Telocation’s Q2 2018 earnings at $0.24 EPS.
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Several other brokerages also recently commented on PNTR. ValuEngine downgraded Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Roth Capital downgraded Pointer Telocation from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Sunday. Zacks Investment Research downgraded Pointer Telocation from a “buy” rating to a “hold” rating in a research note on Tuesday. HC Wainwright set a $18.00 target price on Pointer Telocation and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, TheStreet raised Pointer Telocation from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $17.80.
Pointer Telocation (PNTR) opened at $16.82 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.13 and a current ratio of 1.42. The company has a market capitalization of $132.36, a PE ratio of 15.40 and a beta of 0.77. Pointer Telocation has a 52 week low of $6.78 and a 52 week high of $18.94.
Several institutional investors have recently added to or reduced their stakes in PNTR. Senvest Management LLC acquired a new position in shares of Pointer Telocation in the second quarter valued at approximately $293,000. Renaissance Technologies LLC increased its stake in shares of Pointer Telocation by 14.1% in the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock valued at $1,700,000 after buying an additional 23,800 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Pointer Telocation in the third quarter valued at approximately $354,000. Cavalier Investments LLC acquired a new position in shares of Pointer Telocation in the third quarter valued at approximately $285,000. Finally, Acadian Asset Management LLC increased its stake in shares of Pointer Telocation by 70.1% in the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock valued at $150,000 after buying an additional 5,327 shares during the period. 9.47% of the stock is owned by institutional investors.
Pointer Telocation Company Profile
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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