H.C. Wainwright Starts Pointer Telocation (PNTR) at Buy
Get Alerts PNTR Hot Sheet
Rating Summary:
0 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 16 | New: 16
Join SI Premium – FREE
H.C. Wainwright initiated coverage on Pointer Telocation (NASDAQ: PNTR) with a Buy rating and a price target of $11.00.
Analyst Amit Dayal said, "On Dec. 1, 2014, Pointer announced that it will be spinning off its roadside assistance (RSA) business via an IPO in the Tel Aviv exchange. We view this as a game changing move that allows PNTR to emerge as an MRM pure play and unlocks value by: 1) benefiting from immediate gross margin improvements from 33% to 45%; 2) simplifying for investors the company’s business model, core offerings, and future strategy; 3) reviving earnings growth (we are projecting 46% earnings growth in 2015); and 4) presenting an opportunity for shareholders to benefit from ownership in two separate, profitable companies specializing in providing two separate services with unique business models and separate paths to expansion."
For an analyst ratings summary and ratings history on Pointer Telocation click here. For more ratings news on Pointer Telocation click here.
Shares of Pointer Telocation closed at $7.80 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- KDDI Corp. (9433:JP) (KDDIY) PT Lowered to JPY4,520 at HSBC
- Benchmark on Take-Two's (TTWO) GTV 6 Release: 'we anticipate that the game will not be released within the fiscal year and expect it to launch in fiscal 2026 instead'
- Argus Downgrades Crown Castle (CCI) to Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, New CoverageRelated Entities
Earnings, IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!