Pointer Telocation’s (PNTR) Buy Rating Reiterated at HC Wainwright
Pointer Telocation (NASDAQ:PNTR)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a research report issued to clients and investors on Monday. They presently have a $25.00 price target on the communications equipment provider’s stock. HC Wainwright’s price target would indicate a potential upside of 93.80% from the company’s current price.
The analysts wrote, “We believe currency related headwinds will continue to impact PNTR’s topline performance in the near term, given the company’s exposure to geographies such as Brazil (approximately 24.3% currency decline in 2018 relative to USD) and Argentina (approximately 111.6% currency decline in 2018 relative to USD), revenues from where accounted approximately 22.1% and 24.1% of the company’s revenues during 1H18 and 2017, respectively. In line with this, we are adjusting our 3Q18 and 4Q18 revenue expectations for the company to $19.0M and $19.8M, respectively, from $20.7M and $21.4M, previously.””
A number of other analysts have also issued reports on the company. Roth Capital set a $17.00 target price on Pointer Telocation and gave the company a “buy” rating in a report on Wednesday, August 15th. ValuEngine lowered Pointer Telocation from a “sell” rating to a “strong sell” rating in a report on Monday, August 13th. Finally, Zacks Investment Research raised Pointer Telocation from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.75.
Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings data on Wednesday, August 15th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $19.74 million for the quarter, compared to the consensus estimate of $20.74 million. Pointer Telocation had a return on equity of 14.66% and a net margin of 20.93%. sell-side analysts predict that Pointer Telocation will post 1.1 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in PNTR. ETF Managers Group LLC acquired a new stake in shares of Pointer Telocation during the 1st quarter worth approximately $113,000. Royal Bank of Canada grew its holdings in shares of Pointer Telocation by 2,955.2% during the 1st quarter. Royal Bank of Canada now owns 18,331 shares of the communications equipment provider’s stock worth $267,000 after purchasing an additional 17,731 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Pointer Telocation during the 2nd quarter worth approximately $4,647,000. Delek Group Ltd. grew its holdings in shares of Pointer Telocation by 22.8% during the 2nd quarter. Delek Group Ltd. now owns 175,746 shares of the communications equipment provider’s stock worth $2,109,000 after purchasing an additional 32,666 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Pointer Telocation by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 250,300 shares of the communications equipment provider’s stock worth $3,004,000 after purchasing an additional 13,018 shares in the last quarter. 19.94% of the stock is currently owned by institutional investors.
Pointer Telocation Company Profile
Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.
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