CalAmp Corp. (NASDAQ:CAMP) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $22.13.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded CalAmp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 12th. Canaccord Genuity reduced their price objective on CalAmp from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, December 11th. JPMorgan Chase & Co. set a $18.00 price objective on CalAmp and gave the stock a “hold” rating in a research report on Friday, December 21st. B. Riley reiterated a “buy” rating and set a $28.00 price objective (down previously from $32.00) on shares of CalAmp in a research report on Friday, December 14th. Finally, Northland Securities cut CalAmp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 11th.

A number of hedge funds and other institutional investors have recently made changes to their positions in CAMP. Group One Trading L.P. purchased a new stake in shares of CalAmp in the 4th quarter valued at about $34,000. Bessemer Group Inc. purchased a new stake in shares of CalAmp in the 3rd quarter valued at about $101,000. Pacer Advisors Inc. lifted its holdings in shares of CalAmp by 242.0% in the 3rd quarter. Pacer Advisors Inc. now owns 7,990 shares of the Wireless communications provider’s stock valued at $191,000 after purchasing an additional 5,654 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of CalAmp in the 3rd quarter valued at about $202,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of CalAmp in the 3rd quarter valued at about $204,000. 78.51% of the stock is owned by institutional investors.

CalAmp stock traded up $0.03 during trading on Monday, reaching $12.76. 8,635 shares of the company were exchanged, compared to its average volume of 297,654. CalAmp has a 52-week low of $10.91 and a 52-week high of $24.52. The company has a market cap of $436.12 million, a price-to-earnings ratio of 13.84, a PEG ratio of 1.82 and a beta of 1.83. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.96 and a current ratio of 4.29.

CalAmp (NASDAQ:CAMP) last announced its quarterly earnings data on Thursday, December 20th. The Wireless communications provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.09. CalAmp had a return on equity of 15.40% and a net margin of 0.63%. The firm had revenue of $88.50 million for the quarter, compared to the consensus estimate of $88.26 million. During the same quarter last year, the business posted $0.31 earnings per share. The firm’s revenue was down 5.5% compared to the same quarter last year. On average, analysts predict that CalAmp will post 0.8 EPS for the current fiscal year.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

Featured Story: Risk Tolerance

Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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