Pointer Telocation (NASDAQ:PNTR)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research report issued to clients and investors on Thursday. They presently have a $25.00 price objective on the communications equipment provider’s stock. HC Wainwright’s target price would suggest a potential upside of 105.42% from the company’s current price.

The analysts wrote, “We believe the company’s repositioning as an MRM pure play has provided strategic clarity for management to focus on a combination of new product introductions and M&A activity to increase market share. PNTR’s stock is currently trading at approximately $11.15 giving the company a market cap of $92.5M and EV of $93.1M.””

PNTR has been the topic of several other reports. ValuEngine downgraded Pointer Telocation from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. Zacks Investment Research downgraded Pointer Telocation from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.75.

NASDAQ PNTR opened at $12.17 on Thursday. The firm has a market cap of $92.61 million, a P/E ratio of 10.87 and a beta of 0.90. Pointer Telocation has a twelve month low of $10.25 and a twelve month high of $19.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.44.

Pointer Telocation (NASDAQ:PNTR) last announced its earnings results on Tuesday, May 15th. The communications equipment provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $20.88 million for the quarter, compared to the consensus estimate of $20.40 million. Pointer Telocation had a return on equity of 15.94% and a net margin of 20.90%. analysts forecast that Pointer Telocation will post 1.07 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Wilshire Securities Management Inc. lifted its holdings in Pointer Telocation by 37.2% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 18,246 shares of the communications equipment provider’s stock worth $219,000 after buying an additional 4,946 shares during the period. ETF Managers Group LLC acquired a new position in Pointer Telocation during the 1st quarter worth about $113,000. Eagle Global Advisors LLC lifted its stake in shares of Pointer Telocation by 89.9% in the 1st quarter. Eagle Global Advisors LLC now owns 27,455 shares of the communications equipment provider’s stock valued at $399,000 after purchasing an additional 13,000 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Pointer Telocation by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 250,300 shares of the communications equipment provider’s stock valued at $3,004,000 after purchasing an additional 13,018 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Pointer Telocation by 2,955.2% in the 1st quarter. Royal Bank of Canada now owns 18,331 shares of the communications equipment provider’s stock valued at $267,000 after purchasing an additional 17,731 shares during the period. 12.30% of the stock is currently owned by hedge funds and other 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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