Zacks Investment Research Lowers Pointer Telocation (NASDAQ:PNTR) to Hold

Zacks Investment Research downgraded shares of Pointer Telocation (NASDAQ:PNTR) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Pointer Telocation Ltd provides range of services to insurance companies and automobile owners, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet management and other value added services. Pointer Telocation provides services, for the most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through its local subsidiaries. “

A number of other analysts also recently issued reports on the stock. B. Riley reissued a neutral rating and set a $15.00 target price (down previously from $20.50) on shares of Pointer Telocation in a research report on Wednesday, May 15th. HC Wainwright set a $3.00 target price on shares of McEwen Mining and gave the stock a buy rating in a research report on Friday, May 24th. Finally, ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $15.91.

PNTR opened at $15.05 on Wednesday. The business’s 50 day simple moving average is $14.92. The firm has a market cap of $123.04 million, a P/E ratio of 17.00 and a beta of 0.53. Pointer Telocation has a 1 year low of $10.25 and a 1 year high of $16.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.87.

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

A number of large investors have recently modified their holdings of PNTR. Chicago Capital Management LLC acquired a new stake in Pointer Telocation in the first quarter valued at approximately $3,470,000. Rice Hall James & Associates LLC grew its position in Pointer Telocation by 77.6% in the first quarter. Rice Hall James & Associates LLC now owns 123,248 shares of the communications equipment provider’s stock valued at $1,928,000 after acquiring an additional 53,864 shares in the last quarter. Delek Group Ltd. grew its position in Pointer Telocation by 18.9% in the first quarter. Delek Group Ltd. now owns 210,750 shares of the communications equipment provider’s stock valued at $3,280,000 after acquiring an additional 33,517 shares in the last quarter. BlackRock Inc. acquired a new stake in Pointer Telocation in the fourth quarter valued at approximately $251,000. Finally, Boston Partners grew its position in Pointer Telocation by 40.5% in the first quarter. Boston Partners now owns 53,615 shares of the communications equipment provider’s stock valued at $839,000 after acquiring an additional 15,453 shares in the last quarter. 27.30% of the stock is 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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