Royal Bank of Canada Raises Points International (PCOM) Price Target to $21.00

Points International (NASDAQ:PCOM) (TSE:PTS) had its price objective lifted by Royal Bank of Canada from $20.00 to $21.00 in a research note released on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the information services provider’s stock.

Separately, TheStreet upgraded shares of Points International from a c+ rating to a b rating in a report on Wednesday, March 27th.

Shares of PCOM opened at $12.50 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.19 and a debt-to-equity ratio of 0.08. The firm has a market cap of $175.03 million, a price-to-earnings ratio of 25.06 and a beta of 1.11. Points International has a 12 month low of $8.30 and a 12 month high of $18.48.

Points International (NASDAQ:PCOM) (TSE:PTS) last issued its quarterly earnings results on Thursday, May 9th. The information services provider reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). The firm had revenue of $95.94 million for the quarter. Points International had a net margin of 1.90% and a return on equity of 18.64%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Points International by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 76,830 shares of the information services provider’s stock valued at $764,000 after purchasing an additional 1,832 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of Points International by 20.6% during the first quarter. Wedge Capital Management L L P NC now owns 109,544 shares of the information services provider’s stock valued at $1,472,000 after purchasing an additional 18,731 shares during the period. AJO LP raised its holdings in shares of Points International by 15.4% during the first quarter. AJO LP now owns 299,027 shares of the information services provider’s stock valued at $4,019,000 after purchasing an additional 39,965 shares during the period. Finally, Globeflex Capital L P acquired a new position in shares of Points International during the fourth quarter valued at about $586,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

About Points International

Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment provides products and services designed to help loyalty program members unlock the value of their loyalty currency and accelerate the time to a reward.

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