Pointer Telocation Ltd (PNTR) Given Consensus Recommendation of “Buy” by Brokerages
Pointer Telocation Ltd (NASDAQ:PNTR) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $17.00.
Several equities analysts recently weighed in on PNTR shares. B. Riley reissued a “buy” rating and issued a $19.25 target price on shares of Pointer Telocation in a research note on Wednesday, November 8th. 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 cut shares of 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, November 19th. Zacks Investment Research cut shares of Pointer Telocation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, HC Wainwright reissued a “buy” rating on shares of Pointer Telocation in a research note on Thursday, January 4th.
A number of hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its position in Pointer Telocation by 8.1% during the fourth quarter. Acadian Asset Management LLC now owns 67,842 shares of the communications equipment provider’s stock worth $1,262,000 after purchasing an additional 5,085 shares during the period. Bank of Montreal Can boosted its position in Pointer Telocation by 2,592.7% during the fourth quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock worth $150,000 after purchasing an additional 7,778 shares during the period. Macquarie Group Ltd. bought a new position in Pointer Telocation during the third quarter worth $354,000. Finally, Cavalier Investments LLC bought a new position in Pointer Telocation during the third quarter worth $285,000. 9.34% of the stock is owned by hedge funds and other institutional investors.
Pointer Telocation (NASDAQ:PNTR) last released its earnings results on Wednesday, November 15th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. Pointer Telocation had a net margin of 7.71% and a return on equity of 18.11%. The business had revenue of $20.23 million during the quarter, compared to analysts’ expectations of $19.29 million. research analysts anticipate that Pointer Telocation will post 0.88 EPS for the current fiscal year.
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.
Receive News & Ratings for Pointer Telocation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation and related companies with MarketBeat.com's FREE daily email newsletter.