Zacks Investment Research upgraded shares of Pointer Telocation (NASDAQ:PNTR) from a sell rating to a hold rating in a research note released on Tuesday 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. “

PNTR has been the subject of several other research reports. Roth Capital set a $17.00 price objective on Pointer Telocation and gave the company a buy rating in a report on Wednesday, August 15th. ValuEngine lowered Pointer Telocation from a sell rating to a strong sell rating in a report on Monday, August 13th. Finally, HC Wainwright restated a buy rating and issued a $25.00 price objective on shares of Pointer Telocation in a report on Friday, November 16th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Pointer Telocation currently has a consensus rating of Buy and a consensus target price of $19.67.

NASDAQ:PNTR opened at $11.85 on Tuesday. Pointer Telocation has a 1 year low of $10.25 and a 1 year high of $19.65. The firm has a market capitalization of $94.33 million, a PE ratio of 10.58 and a beta of 0.92. The company has a quick ratio of 1.42, a current ratio of 1.79 and a debt-to-equity ratio of 0.05.

Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Thursday, November 15th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. Pointer Telocation had a return on equity of 13.81% and a net margin of 21.23%. The company had revenue of $18.73 million during the quarter, compared to analysts’ expectations of $19.79 million. As a group, sell-side analysts predict that Pointer Telocation will post 1.09 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Pointer Telocation by 18.1% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 457,288 shares of the communications equipment provider’s stock valued at $5,945,000 after buying an additional 70,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Pointer Telocation by 5.5% in the second quarter. Renaissance Technologies LLC now owns 250,300 shares of the communications equipment provider’s stock valued at $3,004,000 after buying an additional 13,018 shares during the period. Delek Group Ltd. lifted its holdings in shares of Pointer Telocation by 22.8% in the second quarter. Delek Group Ltd. now owns 175,746 shares of the communications equipment provider’s stock valued at $2,109,000 after buying an additional 32,666 shares during the period. Cannell Capital LLC acquired a new stake in shares of Pointer Telocation in the second quarter valued at $1,739,000. Finally, ARK Investment Management LLC lifted its holdings in shares of Pointer Telocation by 27.8% in the third quarter. ARK Investment Management LLC now owns 45,757 shares of the communications equipment provider’s stock valued at $595,000 after buying an additional 9,963 shares during the period. Institutional investors and hedge funds own 20.23% of the company’s stock.

Pointer Telocation Company Profile

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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