Zacks: Brokerages Set $8.00 Price Target for Pointer Telocation Ltd (NASDAQ:PNTR)

Shares of Pointer Telocation Ltd (NASDAQ:PNTR) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $8.00 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pointer Telocation an industry rank of 144 out of 265 based on the ratings given to its competitors.

Shares of Pointer Telocation (NASDAQ:PNTR) opened at 6.23 on Monday. Pointer Telocation has a one year low of $4.97 and a one year high of $8.97. The stock has a market capitalization of $48.13 million and a P/E ratio of 3.59. The company’s 50-day moving average is $6.21 and its 200-day moving average is $6.76.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.36. The firm earned $24.90 million during the quarter, compared to analysts’ expectations of $25.80 million. On average, equities research analysts anticipate that Pointer Telocation will post $0.65 earnings per share for the current year.

Separately, Zacks Investment Research downgraded shares of Pointer Telocation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 13th.

12 Month Chart for NASDAQ:PNTR

Pointer Telocation Ltd. (NASDAQ:PNTR) 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 operates through three business segments: Cellocator Segment, MRM Segment and RSA Segment. The Cellocator Segment designs, develops and produces MRM products, including asset tracking, fleet management and security products for sale to third party operators providing MRM services across the world, as well as to its MRM Segment. Through the MRM Segment, the Company acts as an operator primarily in Israel, Brazil, Argentina, Mexico and South Africa by bundling its products together with a range of MRM services, including stolen vehicle retrieval services and fleet management services. The RSA Segment provides roadside assistance services (RSA) services for sale to insurance companies, fleets and individual customers in Israel.

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