Pointer Telocation’s (PNTR) “Buy” Rating Reiterated at B. Riley

B. Riley reaffirmed their buy rating on shares of Pointer Telocation Ltd. (NASDAQ:PNTR) in a report released on Wednesday. The brokerage currently has a $19.25 price target on the communications equipment provider’s stock.

A number of other equities analysts have also commented on PNTR. ValuEngine lowered shares of Pointer Telocation from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. HC Wainwright set a $18.00 target price on shares of Pointer Telocation and gave the stock a buy rating in a research report on Thursday, August 17th. Roth Capital set a $16.00 target price on shares of Pointer Telocation and gave the stock a buy rating in a research report on Tuesday, August 15th. Zacks Investment Research lowered shares of Pointer Telocation from a strong-buy rating to a hold rating in a research report on Wednesday, October 18th. Finally, TheStreet raised shares of Pointer Telocation from a c+ rating to a b- rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Pointer Telocation currently has a consensus rating of Buy and a consensus target price of $17.06.

Pointer Telocation (NASDAQ:PNTR) traded up $0.60 during trading on Wednesday, reaching $17.90. 8,500 shares of the company were exchanged, compared to its average volume of 33,571. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 1.12. Pointer Telocation has a 12 month low of $6.78 and a 12 month high of $18.94. The stock has a market cap of $138.99, a price-to-earnings ratio of 17.83 and a beta of 0.77.

Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.11. The company had revenue of $20.04 million for the quarter, compared to analyst estimates of $18.23 million. Pointer Telocation had a net margin of 6.56% and a return on equity of 17.02%. equities analysts predict that Pointer Telocation will post 0.85 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Pointer Telocation’s (PNTR) “Buy” Rating Reiterated at B. Riley” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/11/11/pointer-telocations-pntr-buy-rating-reiterated-at-b-riley.html.

Several large investors have recently modified their holdings of PNTR. Senvest Management LLC bought a new position in shares of Pointer Telocation during the second quarter valued at approximately $293,000. Renaissance Technologies LLC boosted its stake 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 in the last quarter. Rice Hall James & Associates LLC boosted its stake 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 in the last quarter. Acadian Asset Management LLC boosted its stake 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 in the last quarter. Finally, Eagle Global Advisors LLC boosted its stake 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 in the last quarter. 8.32% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Pointer Telocation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply