In a report released today, Amit Dayal from H.C. Wainwright maintained a Hold rating on Pointer Telocation Ltd (PNTR). The company’s shares closed yesterday at $15.72, close to its 52-week high of $16.16.
Dayal noted:
“PNTR’s stock closed on $15.72 per share giving the company a market cap of approximately $127.8M and EV of $124.3M. This translates to 2018 P/E multiple of approximately 18.7x. This compares to industry average P/E multiple of approximately 23.8x for the same period.”
According to TipRanks.com, Dayal has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.8% and a 42.4% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and UQM Technologies Inc.
Currently, the analyst consensus on Pointer Telocation Ltd is a Moderate Buy with an average price target of $22.50.
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The company has a one-year high of $16.16 and a one-year low of $10.25. Currently, Pointer Telocation Ltd has an average volume of 29.14K.
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Pointer Telocation Ltd. engages in mobile resource management products and services. It operates through the following segments: Cellocator and MRM segments: The Cellocator segment design, develop and produce mobile resource management products, that include asset management, fleet management and security products for sale to third party operators providing mobile resource management services world-wide. The MRM offers asset tracking services, fleet management services and stolen vehicle retrieval services. The company was founded on July 17, 1991 and is headquartered in Rosh HaAyin, Israel.
