Pointer Telocation (NASDAQ:PNTR) Receives Coverage Optimism Rating of 0.13

Media coverage about Pointer Telocation (NASDAQ:PNTR) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pointer Telocation earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 45.8576116141895 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of equities analysts have commented on PNTR shares. Roth Capital started coverage on Pointer Telocation in a research note on Friday, July 7th. They issued a “buy” rating and a $16.00 target price for the company. Zacks Investment Research upgraded Pointer Telocation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine raised Pointer Telocation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. HC Wainwright set a $18.00 price target on Pointer Telocation and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, B. Riley assumed coverage on Pointer Telocation in a report on Thursday, August 17th. They set a “buy” rating and a $19.25 price target on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.06.

Shares of Pointer Telocation (NASDAQ PNTR) traded down 1.21% during midday trading on Wednesday, reaching $16.35. The company had a trading volume of 11,148 shares. The company has a market capitalization of $130.44 million, a P/E ratio of 27.53 and a beta of 0.63. The firm’s 50 day moving average price is $13.80 and its 200-day moving average price is $11.41. Pointer Telocation has a 12 month low of $6.78 and a 12 month high of $16.95.

Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $20.04 million for the quarter, compared to the consensus estimate of $18.23 million. Analysts anticipate that Pointer Telocation will post $0.86 earnings per share for the current fiscal year.

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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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