Roth Capital set a $16.00 price target on Pointer Telocation Ltd. (NASDAQ:PNTR) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the communications equipment provider’s stock.

PNTR has been the topic of several other reports. Zacks Investment Research raised shares of Pointer Telocation from a strong sell rating to a hold rating in a report on Thursday, July 20th. Rodman & Renshaw raised their target price on shares of Pointer Telocation from $10.00 to $15.00 and gave the stock a buy rating in a report on Friday, May 19th. Finally, ValuEngine raised shares of Pointer Telocation from a buy rating to a strong-buy rating in a report on Friday, June 2nd.

Shares of Pointer Telocation (NASDAQ PNTR) traded up 12.92% on Tuesday, hitting $13.55. The stock had a trading volume of 64,667 shares. The company has a 50 day moving average of $12.54 and a 200-day moving average of $10.26. The firm has a market capitalization of $107.14 million, a P/E ratio of 29.78 and a beta of 0.65. Pointer Telocation has a 12-month low of $6.02 and a 12-month high of $14.65.

Pointer Telocation (NASDAQ:PNTR) last announced its earnings results on Thursday, May 18th. The communications equipment provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Pointer Telocation had a net margin of 5.34% and a return on equity of 15.39%. The company had revenue of $19.03 million for the quarter, compared to analysts’ expectations of $17.10 million. Equities analysts predict that Pointer Telocation will post $0.78 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Pointer Telocation Ltd. (PNTR) Given a $16.00 Price Target at Roth Capital” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://theolympiareport.com/2017/08/16/pointer-telocation-ltd-pntr-given-a-16-00-price-target-at-roth-capital.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 period. 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 period. Senvest Management LLC purchased a new position in shares of Pointer Telocation during the second quarter worth about $293,000. 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 period. Finally, 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 period. 7.18% of the stock is currently owned by institutional investors and hedge funds.

About Pointer Telocation

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.

Receive News & Ratings for Pointer Telocation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pointer Telocation Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.