Pointer Telocation (PNTR) Given a $25.00 Price Target by HC Wainwright Analysts

Pointer Telocation (NASDAQ:PNTR) received a $25.00 target price from HC Wainwright in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the communications equipment provider’s stock. HC Wainwright’s price objective indicates a potential upside of 73.01% from the company’s previous close.

A number of other equities analysts have also recently issued reports on PNTR. Zacks Investment Research cut Pointer Telocation from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 17th. ValuEngine upgraded Pointer Telocation from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. TheStreet cut Pointer Telocation from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. Finally, Roth Capital upgraded Pointer Telocation from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a report on Monday, March 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.20.

Pointer Telocation opened at $14.45 on Wednesday, Marketbeat.com reports. The stock has a market cap of $116.99 million, a price-to-earnings ratio of 12.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.44 and a quick ratio of 1.13. Pointer Telocation has a 1 year low of $14.10 and a 1 year high of $14.50.

Pointer Telocation (NASDAQ:PNTR) last released its earnings results on Tuesday, May 15th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $20.88 million during the quarter, compared to analysts’ expectations of $20.40 million. Pointer Telocation had a return on equity of 16.67% and a net margin of 20.90%. sell-side analysts forecast that Pointer Telocation will post 1.19 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in PNTR. Acadian Asset Management LLC grew its holdings in shares of Pointer Telocation by 8.1% in the 4th quarter. Acadian Asset Management LLC now owns 67,842 shares of the communications equipment provider’s stock valued at $1,262,000 after acquiring an additional 5,085 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Pointer Telocation by 2,592.7% in the 4th quarter. Bank of Montreal Can now owns 8,078 shares of the communications equipment provider’s stock valued at $150,000 after acquiring an additional 7,778 shares in the last quarter. ETF Managers Group LLC bought a new position in shares of Pointer Telocation in the 1st quarter valued at about $113,000. Eagle Global Advisors LLC grew its holdings in shares of Pointer Telocation by 89.9% in the 1st quarter. Eagle Global Advisors LLC now owns 27,455 shares of the communications equipment provider’s stock valued at $399,000 after acquiring an additional 13,000 shares in the last quarter. Finally, ARK Investment Management LLC bought a new position in shares of Pointer Telocation in the 4th quarter valued at about $279,000. Hedge funds and other institutional investors own 13.08% of the company’s stock.

About Pointer Telocation

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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