Zacks Investment Research upgraded shares of Pointer Telocation (NASDAQ:PNTR) from a sell rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

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. “

Other equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. HC Wainwright set a $3.00 price objective on shares of McEwen Mining and gave the company a buy rating in a research report on Friday, May 24th. Finally, B. Riley reissued a neutral rating and issued a $15.00 price objective (down from $20.50) on shares of Pointer Telocation in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $15.91.

Shares of NASDAQ:PNTR opened at $15.14 on Friday. Pointer Telocation has a 52 week low of $10.25 and a 52 week high of $16.16. The firm has a 50 day moving average price of $15.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.87. The stock has a market cap of $123.12 million, a P/E ratio of 14.84 and a beta of 0.53.

Pointer Telocation (NASDAQ:PNTR) last announced its quarterly earnings data on Thursday, May 23rd. The communications equipment provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Pointer Telocation had a net margin of 7.66% and a return on equity of 11.29%. The firm had revenue of $18.26 million during the quarter, compared to analysts’ expectations of $18.47 million. As a group, research analysts expect that Pointer Telocation will post 1.13 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Menora Mivtachim Holdings LTD. increased its position in shares of Pointer Telocation by 2.9% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 30,277 shares of the communications equipment provider’s stock valued at $474,000 after purchasing an additional 842 shares during the last quarter. Boston Partners grew its position in shares of Pointer Telocation by 40.5% in the 1st quarter. Boston Partners now owns 53,615 shares of the communications equipment provider’s stock valued at $839,000 after buying an additional 15,453 shares during the last quarter. Chicago Capital Management LLC purchased a new position in shares of Pointer Telocation in the 1st quarter valued at $3,470,000. Rice Hall James & Associates LLC grew its position in shares of Pointer Telocation by 77.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 123,248 shares of the communications equipment provider’s stock valued at $1,928,000 after buying an additional 53,864 shares during the last quarter. Finally, Delek Group Ltd. grew its position in shares of Pointer Telocation by 18.9% in the 1st quarter. Delek Group Ltd. now owns 210,750 shares of the communications equipment provider’s stock valued at $3,280,000 after buying an additional 33,517 shares during the last quarter. 27.31% of the stock is currently owned by institutional investors.

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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