H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Pointer Telocation Ltd (PNTR) today and set a price target of $24.50. The company’s shares opened today at $11.75, close to its 52-week low of $10.25.
Dayal 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 closed on $11.55 per share giving the company a market cap of approximately $94M and EV of $92M. This translates to 2019 P/E multiple of approximately 8.7x. This compares to industry average P/E multiple of approximately 16x for the same period.”
According to TipRanks.com, Dayal is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.0% and a 27.9% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Orion Energy Systems.
Currently, the analyst consensus on Pointer Telocation Ltd is a Moderate Buy with an average price target of $20.40.
See today’s analyst top recommended stocks >>
The company has a one-year high of $19.65 and a one-year low of $10.25. Currently, Pointer Telocation Ltd has an average volume of 10.05K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pointer Telocation Ltd. engages in mobile resource management products and services. It operates through the following segments: Mobile Resource Management (MRM), Roadside Assistance Services, and Cellocator. The MRM segment offers asset tracking services, fleet management services, and stolen vehicle retrieval services.
