Pointer Telocation (NASDAQ:PNTR) Upgraded at ValuEngine

ValuEngine upgraded shares of Pointer Telocation (NASDAQ:PNTR) from a hold rating to a buy rating in a research report report published on Tuesday morning, ValuEngine reports.

Several other brokerages also recently issued reports on PNTR. B. Riley reiterated a neutral rating and set a $15.00 price objective (down from $20.50) on shares of Pointer Telocation in a research report on Wednesday, May 15th. HC Wainwright reiterated a hold rating on shares of Pointer Telocation in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $15.91.

Shares of PNTR opened at $14.93 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.87 and a debt-to-equity ratio of 0.03. The stock has a market cap of $121.41 million, a price-to-earnings ratio of 14.64 and a beta of 0.53. The business has a fifty day moving average price of $14.72. Pointer Telocation has a twelve month low of $10.25 and a twelve month high of $16.16.

Pointer Telocation (NASDAQ:PNTR) last issued its earnings results on Thursday, May 23rd. The communications equipment provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $18.26 million during the quarter, compared to analysts’ expectations of $18.47 million. Pointer Telocation had a return on equity of 11.29% and a net margin of 7.66%. On average, equities research analysts forecast that Pointer Telocation will post 1.13 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in shares of Pointer Telocation by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 2,786 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 816 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in Pointer Telocation by 2.9% during the 1st quarter. Menora Mivtachim Holdings LTD. now owns 30,277 shares of the communications equipment provider’s stock worth $474,000 after purchasing an additional 842 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Pointer Telocation during the 1st quarter worth approximately $28,000. Meitav Dash Investments Ltd. grew its position in Pointer Telocation by 33.9% during the 1st quarter. Meitav Dash Investments Ltd. now owns 31,670 shares of the communications equipment provider’s stock worth $487,000 after purchasing an additional 8,022 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Pointer Telocation by 11.5% during the 1st quarter. Acadian Asset Management LLC now owns 94,244 shares of the communications equipment provider’s stock worth $1,474,000 after purchasing an additional 9,694 shares in the last quarter. 27.30% of the stock is currently owned by institutional investors.

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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