Pointer Telocation Ltd. (PNTR) Stock Rating Reaffirmed by Roth Capital
Pointer Telocation Ltd. (NASDAQ:PNTR)‘s stock had its “neutral” rating reissued by equities research analysts at Roth Capital in a research note issued to investors on Monday. They currently have a $16.00 price objective on the communications equipment provider’s stock. Roth Capital’s target price suggests a potential downside of 4.88% from the company’s current price.
Several other brokerages have also issued reports on PNTR. ValuEngine lowered Pointer Telocation from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. B. Riley reiterated a “buy” rating and set a $19.25 price objective on shares of Pointer Telocation in a report on Wednesday, November 8th. Zacks Investment Research upgraded Pointer Telocation from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Saturday. HC Wainwright set a $18.00 target price on Pointer Telocation and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded Pointer Telocation from a “c+” rating to a “b-” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.80.
Shares of Pointer Telocation (PNTR) opened at $16.82 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.13 and a debt-to-equity ratio of 0.12. Pointer Telocation has a 1-year low of $6.78 and a 1-year high of $18.94. The stock has a market capitalization of $132.36, a price-to-earnings ratio of 16.40 and a beta of 0.70.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC raised its holdings 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 valued at $150,000 after buying an additional 5,327 shares in the last quarter. Cavalier Investments LLC bought a new position in Pointer Telocation during the third quarter valued at about $285,000. Macquarie Group Ltd. bought a new position in Pointer Telocation during the third quarter valued at about $354,000. Eagle Global Advisors LLC raised its holdings 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 valued at $267,000 after buying an additional 5,055 shares in the last quarter. Finally, Senvest Management LLC bought a new position in Pointer Telocation during the second quarter valued at about $293,000. Institutional investors own 9.47% of the company’s stock.
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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