Pointer Telocation Ltd. (PNTR) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Pointer Telocation Ltd. (NASDAQ:PNTR) from a strong-buy rating to a hold rating in a research report released on Wednesday morning.

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. “

Several other research analysts have also commented on the stock. Roth Capital initiated coverage on shares of Pointer Telocation in a research note on Friday, July 7th. They set a buy rating and a $16.00 price target on the stock. TheStreet upgraded shares of Pointer Telocation from a c+ rating to a b- rating in a research note on Monday, October 2nd. ValuEngine upgraded shares of Pointer Telocation from a buy rating to a strong-buy rating in a research note on Friday, September 1st. HC Wainwright set a $18.00 price target on shares of Pointer Telocation and gave the stock a buy rating in a research note on Thursday, August 17th. Finally, B. Riley initiated coverage on shares of Pointer Telocation in a research note on Thursday, August 17th. They set a buy rating and a $19.25 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $17.06.

Shares of Pointer Telocation (PNTR) traded up 3.04% during mid-day trading on Wednesday, hitting $16.95. 23,854 shares of the stock traded hands. The company has a market cap of $135.23 million, a price-to-earnings ratio of 28.54 and a beta of 0.70. Pointer Telocation has a 52 week low of $6.78 and a 52 week high of $17.71. The stock has a 50-day moving average of $16.21 and a 200-day moving average of $12.57.

Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings data on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.11. The firm had revenue of $20.04 million for the quarter, compared to analyst estimates of $18.23 million. Pointer Telocation had a net margin of 6.56% and a return on equity of 17.02%. Analysts anticipate that Pointer Telocation will post $0.86 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Senvest Management LLC bought a new stake in shares of Pointer Telocation during the 2nd quarter worth $293,000. Renaissance Technologies LLC boosted its holdings in shares of Pointer Telocation by 14.1% during the 1st 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 period. Rice Hall James & Associates LLC boosted its holdings in shares of Pointer Telocation by 1.0% during the 2nd 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 period. Acadian Asset Management LLC boosted its holdings in shares of Pointer Telocation by 70.1% during the 2nd 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 period. Finally, Eagle Global Advisors LLC boosted its holdings in shares of Pointer Telocation by 28.1% during the 2nd 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 period. 7.76% of the stock is owned by institutional investors and hedge funds.

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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