Pointer Telocation Ltd. (PNTR) Raised to B- at TheStreet
A number of other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of Pointer Telocation from a strong-buy rating to a buy rating in a report on Monday. B. Riley reissued a buy rating and issued a $19.25 price objective on shares of Pointer Telocation in a report on Wednesday, August 23rd. HC Wainwright set a $18.00 price objective on shares of Pointer Telocation and gave the company a buy rating in a report on Thursday, August 17th. Roth Capital set a $16.00 price objective on shares of Pointer Telocation and gave the company a buy rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research raised shares of Pointer Telocation from a strong sell rating to a hold rating in a report on Thursday, July 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $17.06.
Pointer Telocation (NASDAQ PNTR) opened at 16.9802 on Monday. The stock has a market capitalization of $135.47 million, a PE ratio of 28.5862 and a beta of 0.70. The company’s 50 day moving average is $15.54 and its 200-day moving average is $12.04. Pointer Telocation has a 1-year low of $6.78 and a 1-year high of $17.71.
Pointer Telocation (NASDAQ:PNTR) last announced its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. Pointer Telocation had a net margin of 6.56% and a return on equity of 17.02%. The firm had revenue of $20.04 million during the quarter, compared to analyst estimates of $18.23 million. Analysts forecast that Pointer Telocation will post $0.86 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 23,800 shares during the period. Rice Hall James & Associates LLC boosted its stake in Pointer Telocation by 1.0% during the second quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after buying an additional 514 shares during the period. Senvest Management LLC purchased a new position in Pointer Telocation during the second quarter worth about $293,000. Eagle Global Advisors LLC boosted its stake in Pointer Telocation by 28.1% during the second quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock worth $267,000 after buying an additional 5,055 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Pointer Telocation by 70.1% during the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 5,327 shares during the period. 7.86% of the stock is owned by hedge funds and other institutional investors.
About Pointer Telocation
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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