CalAmp Corp. (NASDAQ:CAMP) Given Average Recommendation of “Buy” by Brokerages

CalAmp Corp. (NASDAQ:CAMP) has earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.88.

CAMP has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $22.00 price target on shares of CalAmp Corp. in a research report on Monday, April 17th. Craig Hallum boosted their price target on CalAmp Corp. from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Northland Securities reissued a “buy” rating and set a $20.00 target price on shares of CalAmp Corp. in a report on Monday, June 26th. Benchmark Co. initiated coverage on CalAmp Corp. in a report on Tuesday, April 25th. They set a “buy” rating and a $23.00 target price on the stock. Finally, Zacks Investment Research raised CalAmp Corp. from a “sell” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, April 21st.

TRADEMARK VIOLATION NOTICE: “CalAmp Corp. (NASDAQ:CAMP) Given Average Recommendation of “Buy” by Brokerages” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://sportsperspectives.com/2017/07/23/calamp-corp-nasdaqcamp-given-average-recommendation-of-buy-by-brokerages.html.

In other news, SVP Garo Sarkis Sarkissian sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $18.83, for a total transaction of $282,450.00. Following the completion of the sale, the senior vice president now directly owns 200,680 shares in the company, valued at approximately $3,778,804.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Burdiek sold 10,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the chief executive officer now owns 479,093 shares of the company’s stock, valued at $9,581,860. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. John G Ullman & Associates Inc. increased its stake in CalAmp Corp. by 17.4% in the first quarter. John G Ullman & Associates Inc. now owns 212,100 shares of the Wireless communications provider’s stock worth $3,561,000 after buying an additional 31,500 shares during the last quarter. Dubuque Bank & Trust Co. bought a new stake in CalAmp Corp. during the first quarter worth $183,000. Independent Portfolio Consultants Inc. increased its stake in CalAmp Corp. by 13.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 45,690 shares of the Wireless communications provider’s stock worth $767,000 after buying an additional 5,520 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in CalAmp Corp. by 32.3% in the first quarter. Rice Hall James & Associates LLC now owns 537,556 shares of the Wireless communications provider’s stock worth $9,026,000 after buying an additional 131,252 shares during the last quarter. Finally, First National Bank of Omaha increased its stake in CalAmp Corp. by 30.9% in the first quarter. First National Bank of Omaha now owns 62,443 shares of the Wireless communications provider’s stock worth $1,048,000 after buying an additional 14,754 shares during the last quarter. Hedge funds and other institutional investors own 73.90% of the company’s stock.

CalAmp Corp. (NASDAQ:CAMP) traded up 0.42% during mid-day trading on Tuesday, reaching $19.26. The company’s stock had a trading volume of 309,108 shares. The company’s market cap is $681.75 million. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $20.89. The stock’s 50 day moving average is $19.56 and its 200 day moving average is $17.34.

CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $88.10 million for the quarter, compared to analyst estimates of $86.85 million. CalAmp Corp. had a positive return on equity of 18.84% and a negative net margin of 2.05%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Equities research analysts predict that CalAmp Corp. will post $1.17 EPS for the current year.

CalAmp Corp. Company Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

Analyst Recommendations for CalAmp Corp. (NASDAQ:CAMP)

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

Latest News

Leave a Reply