Pointer Telocation Ltd. (PNTR) Upgraded to “Strong-Buy” by ValuEngine

ValuEngine upgraded shares of Pointer Telocation Ltd. (NASDAQ:PNTR) from a buy rating to a strong-buy rating in a research note published on Friday.

A number of other brokerages also recently commented on PNTR. Zacks Investment Research downgraded Pointer Telocation from a hold rating to a sell rating in a research report on Wednesday, June 14th. HC Wainwright set a $18.00 price objective on Pointer Telocation and gave the company a buy rating in a research report on Thursday, August 17th. Roth Capital set a $16.00 price objective on Pointer Telocation and gave the company a buy rating in a research report on Tuesday, August 15th. B. Riley reaffirmed a buy rating and issued a $19.25 price objective on shares of Pointer Telocation in a research report on Wednesday, August 23rd. Finally, Rodman & Renshaw lifted their price objective on Pointer Telocation from $10.00 to $15.00 and gave the company a buy rating in a research report on Friday, May 19th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Pointer Telocation has a consensus rating of Buy and an average target price of $17.06.

Shares of Pointer Telocation (PNTR) traded down 0.34% during trading on Friday, hitting $14.50. The stock had a trading volume of 12,738 shares. The stock’s 50 day moving average is $13.23 and its 200-day moving average is $10.79. Pointer Telocation has a 12-month low of $6.78 and a 12-month high of $15.90. The company has a market cap of $115.68 million, a PE ratio of 24.41 and a beta of 0.63.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC boosted its position in shares of Pointer Telocation by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after buying an additional 514 shares during the last quarter. Eagle Global Advisors LLC boosted its position in shares of Pointer Telocation by 28.1% in the second quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock worth $267,000 after buying an additional 5,055 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Pointer Telocation by 70.1% in the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 5,327 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Pointer Telocation by 14.1% in the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock worth $1,700,000 after buying an additional 23,800 shares during the last quarter. Finally, Senvest Management LLC purchased a new position in shares of Pointer Telocation during the second quarter worth $293,000. Hedge funds and other institutional investors own 7.86% of the company’s stock.

Pointer Telocation Company Profile

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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