CalAmp (NASDAQ:CAMP) Downgraded by BidaskClub

CalAmp (NASDAQ:CAMP) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, BidAskClub reports.

A number of other analysts also recently commented on the company. Canaccord Genuity set a $24.00 price objective on CalAmp and gave the stock a “buy” rating in a report on Friday, September 27th. ValuEngine upgraded CalAmp from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Northland Securities restated a “buy” rating and set a $20.00 price objective on shares of CalAmp in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. CalAmp currently has an average rating of “Buy” and a consensus price target of $19.25.

CAMP stock opened at $11.10 on Friday. The company has a market cap of $406.03 million, a price-to-earnings ratio of 22.45, a PEG ratio of 4.56 and a beta of 1.96. 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 business has a fifty day simple moving average of $10.90 and a 200-day simple moving average of $11.18. CalAmp has a 52 week low of $9.35 and a 52 week high of $20.22.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, September 26th. The Wireless communications provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. The business had revenue of $93.20 million during the quarter, compared to the consensus estimate of $91.50 million. CalAmp had a positive return on equity of 9.04% and a negative net margin of 1.50%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. As a group, analysts expect that CalAmp will post 0.27 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department boosted its position in CalAmp by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 15,530 shares of the Wireless communications provider’s stock worth $179,000 after purchasing an additional 1,221 shares during the period. US Bancorp DE boosted its position in CalAmp by 19.2% during the 2nd 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. Bbva USA Bancshares Inc. boosted its position in CalAmp by 14.3% during the 2nd quarter. Bbva USA Bancshares Inc. now owns 16,883 shares of the Wireless communications provider’s stock worth $197,000 after purchasing an additional 2,114 shares during the period. Man Group plc boosted its position in CalAmp by 13.4% during the 2nd quarter. Man Group plc now owns 29,700 shares of the Wireless communications provider’s stock worth $347,000 after purchasing an additional 3,514 shares during the period. Finally, Rhumbline Advisers boosted its position in CalAmp by 5.0% during the 3rd quarter. Rhumbline Advisers now owns 107,920 shares of the Wireless communications provider’s stock worth $1,243,000 after purchasing an additional 5,108 shares during the period. 76.58% of the stock is owned by hedge funds and other institutional investors.

CalAmp Company Profile

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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Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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