Recent Analysts’ Ratings Changes for CalAmp (CAMP)

CalAmp (NASDAQ: CAMP) recently received a number of ratings updates from brokerages and research firms:

  • 10/2/2019 – CalAmp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/27/2019 – CalAmp was given a new $20.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 9/27/2019 – CalAmp was given a new $24.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 9/25/2019 – CalAmp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/19/2019 – CalAmp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/16/2019 – CalAmp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/11/2019 – CalAmp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/10/2019 – CalAmp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/3/2019 – CalAmp had its “buy” rating reaffirmed by analysts at Northland Securities.
  • 8/30/2019 – CalAmp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

CalAmp stock traded up $0.23 during trading on Monday, hitting $10.04. The stock had a trading volume of 12,304 shares, compared to its average volume of 389,361. CalAmp Corp. has a 1 year low of $9.35 and a 1 year high of $21.00. The company has a quick ratio of 1.36, a current ratio of 1.59 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $10.43 and its two-hundred day moving average is $11.52. The stock has a market cap of $337.11 million, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 3.79 and a beta of 1.99.

CalAmp (NASDAQ:CAMP) last issued its earnings results on Thursday, September 26th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11. CalAmp had a negative net margin of 1.50% and a positive return on equity of 9.04%. The business had revenue of $93.20 million for the quarter, compared to analysts’ expectations of $91.50 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that CalAmp Corp. will post 0.27 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of CAMP. Royce & Associates LP bought a new position in shares of CalAmp in the first quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of CalAmp in the second quarter worth $62,000. Meeder Asset Management Inc. bought a new position in shares of CalAmp in the second quarter worth $69,000. US Bancorp DE increased its holdings in shares of CalAmp by 19.2% in the second quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock worth $117,000 after purchasing an additional 1,611 shares during the period. Finally, Walleye Trading Advisors LLC bought a new position in shares of CalAmp in the second quarter worth $120,000. 77.03% of the stock is currently owned by institutional investors and hedge funds.

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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