Zacks Investment Research upgraded shares of Pointer Telocation Ltd. (NASDAQ:PNTR) from a hold rating to a buy rating in a research note released on Saturday morning. The brokerage currently has $20.00 price objective on the communications equipment provider’s stock.

According to Zacks, “Pointer Telocation Ltd provides range of services to insurance companies and automobile owners, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet management and other value added services. Pointer Telocation provides services, for the most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through its local subsidiaries. “

Other analysts have also recently issued research reports about the stock. HC Wainwright set a $18.00 price target on shares of Pointer Telocation and gave the company a buy rating in a research report on Thursday. B. Riley reaffirmed a buy rating and set a $19.25 price target on shares of Pointer Telocation in a research report on Wednesday, August 23rd. Roth Capital set a $16.00 price target on shares of Pointer Telocation and gave the company a buy rating in a research report on Tuesday, August 15th. ValuEngine raised shares of Pointer Telocation from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Finally, TheStreet raised shares of Pointer Telocation from a c+ rating to a b- rating in a research report on Monday, October 2nd. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus target price of $17.80.

Shares of Pointer Telocation (PNTR) traded down $0.20 on Friday, reaching $17.55. 40,023 shares of the company’s stock were exchanged, compared to its average volume of 30,719. The company has a quick ratio of 1.12, a current ratio of 1.42 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $140.99, a PE ratio of 16.40 and a beta of 0.77. Pointer Telocation has a twelve month low of $6.78 and a twelve month high of $18.94.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. The business had revenue of $20.04 million for the quarter, compared to analysts’ expectations of $18.23 million. Pointer Telocation had a net margin of 7.71% and a return on equity of 18.11%. research analysts forecast that Pointer Telocation will post 0.87 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in PNTR. Renaissance Technologies LLC raised its holdings in shares of Pointer Telocation by 14.1% during 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. Acadian Asset Management LLC raised its holdings in shares of 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 purchasing an additional 5,327 shares during the period. Eagle Global Advisors LLC raised its holdings in shares of 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 purchasing an additional 5,055 shares during the period. Rice Hall James & Associates LLC raised its holdings in shares of 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 valued at $579,000 after purchasing an additional 514 shares during the period. Finally, Senvest Management LLC acquired a new position in shares of Pointer Telocation during the second quarter valued at about $293,000. Hedge funds and other institutional investors own 8.57% of the company’s stock.

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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