Pointer Telocation Ltd. (NASDAQ:PNTR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, October 18th.
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. “
Several other equities analysts have also commented on the stock. TheStreet upgraded shares of Pointer Telocation from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. ValuEngine lowered shares of Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley reaffirmed a “buy” rating and set a $19.25 price target on shares of Pointer Telocation in a report on Wednesday, August 23rd. HC Wainwright set a $18.00 price target on Pointer Telocation and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Roth Capital set a $16.00 price target on Pointer Telocation and gave the stock a “buy” rating in a report on Tuesday, August 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.06.
Pointer Telocation (NASDAQ:PNTR) traded down $0.35 during midday trading on Wednesday, reaching $17.30. 31,643 shares of the company’s stock were exchanged, compared to its average volume of 30,012. Pointer Telocation has a 52 week low of $6.78 and a 52 week high of $18.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 1.12. The firm has a market capitalization of $141.80, a PE ratio of 18.20 and a beta of 0.77.
Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $20.04 million for the quarter, compared to analyst estimates of $18.23 million. equities research analysts anticipate that Pointer Telocation will post 0.85 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC lifted its position in Pointer Telocation by 1.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock valued at $579,000 after acquiring an additional 514 shares in the last quarter. Eagle Global Advisors LLC grew its position in shares of Pointer Telocation by 28.1% during the 2nd 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 in the last quarter. Acadian Asset Management LLC grew its position in shares of Pointer Telocation by 70.1% during the 2nd 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 in the last quarter. Cavalier Investments LLC purchased a new position in shares of Pointer Telocation during the 3rd quarter valued at $285,000. Finally, Renaissance Technologies LLC grew its position in shares of Pointer Telocation by 14.1% during the 1st 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 in the last quarter. 8.32% of the stock is currently owned by 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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