CalAmp Corp. (NASDAQ:CAMP) Given Consensus Rating of “Hold” by Analysts

Shares of CalAmp Corp. (NASDAQ:CAMP) have been given a consensus rating of “Hold” by the eleven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $19.71.

Several research analysts have recently commented on the stock. Northland Securities restated a “buy” rating and set a $20.00 price target on shares of CalAmp in a research note on Monday, October 28th. ValuEngine lowered shares of CalAmp from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Canaccord Genuity set a $24.00 price target on shares of CalAmp and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, BidaskClub lowered shares of CalAmp from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th.

A number of large investors have recently bought and sold shares of the stock. First Trust Advisors LP acquired a new position in CalAmp in the 3rd quarter valued at $879,000. California Public Employees Retirement System grew its stake in CalAmp by 7.1% in the 3rd quarter. California Public Employees Retirement System now owns 358,554 shares of the Wireless communications provider’s stock valued at $4,131,000 after buying an additional 23,920 shares during the last quarter. State of Tennessee Treasury Department grew its stake in CalAmp by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 15,530 shares of the Wireless communications provider’s stock valued at $179,000 after buying an additional 1,221 shares during the last quarter. Rhumbline Advisers grew its stake in CalAmp by 5.0% in the 3rd quarter. Rhumbline Advisers now owns 107,920 shares of the Wireless communications provider’s stock valued at $1,243,000 after buying an additional 5,108 shares during the last quarter. Finally, John G Ullman & Associates Inc. grew its stake in CalAmp by 150.8% in the 3rd quarter. John G Ullman & Associates Inc. now owns 273,072 shares of the Wireless communications provider’s stock valued at $3,146,000 after buying an additional 164,172 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Shares of CAMP opened at $10.27 on Friday. The company’s fifty day moving average is $10.83 and its 200-day moving average is $11.08. CalAmp has a 12 month low of $9.35 and a 12 month high of $19.31. The firm has a market cap of $360.31 million, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 4.05 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.

CalAmp (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, September 26th. The Wireless communications provider reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $93.20 million for the quarter, compared to analyst estimates of $91.50 million. During the same quarter in the prior year, the business posted $0.31 EPS. CalAmp’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts predict that CalAmp will post 0.27 earnings per share for the current fiscal year.

About CalAmp

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.

Read More: Arbitrage

Analyst Recommendations for CalAmp (NASDAQ:CAMP)

Receive News & Ratings for CalAmp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAmp and related companies with MarketBeat.com's FREE daily email newsletter.