UPDATE: JPMorgan Downgrades CalAmp Corp. (CAMP) to Underweight

December 18, 2020 4:18 AM EST
Get Alerts CAMP Hot Sheet
Price: $12.03 -0.08%

Rating Summary:
    10 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 25 | New: 41
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(Updated - December 18, 2020 5:56 AM EST)

(updating comment)

JPMorgan analyst Paul Coster downgraded CalAmp Corp. (NASDAQ: CAMP) from Neutral to Underweight with a price target of $11.00.

The analyst comments "We are downgrading CAMP to Underweight. CAMP is trading at 23x revised CY21E PF EPS of $0.46, 13x revised
CY21E EV/EBITDA—multiples that reflect the ongoing uncertainty regarding the firm’s long-term growth prospects. In our view the risks are quite elevated at present, the stock is close to fair-value, and we are sidelined. With an Underweight rating we are not calling for investors to short this stock, but we do expect CAMP to underperform the mean of our coverage over the next 6-12 months."

For an analyst ratings summary and ratings history on CalAmp Corp. click here. For more ratings news on CalAmp Corp. click here.

Shares of CalAmp Corp. closed at $10.79 yesterday.


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