CalAmp Corp. (CAMP) Receives Consensus Rating of “Hold” from Analysts

CalAmp Corp. (NASDAQ:CAMP) has earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.44.

Several brokerages have recently weighed in on CAMP. Zacks Investment Research raised shares of CalAmp from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday. ValuEngine raised shares of CalAmp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. JPMorgan Chase & Co. raised shares of CalAmp from a “neutral” rating to an “overweight” rating and set a $17.00 price target on the stock in a research report on Friday, January 25th. BidaskClub cut shares of CalAmp from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 17th. Finally, TheStreet cut shares of CalAmp from a “c” rating to a “d+” rating in a research report on Wednesday, January 2nd.

Shares of CAMP stock traded down $0.05 on Thursday, hitting $14.37. 225,559 shares of the stock traded hands, compared to its average volume of 339,007. The company has a current ratio of 4.29, a quick ratio of 3.96 and a debt-to-equity ratio of 1.35. The stock has a market cap of $496.76 million, a price-to-earnings ratio of 15.62, a PEG ratio of 1.86 and a beta of 1.88. CalAmp has a twelve month low of $10.91 and a twelve month high of $24.81.

CalAmp (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, December 20th. The Wireless communications provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. The firm had revenue of $88.50 million for the quarter, compared to analysts’ expectations of $88.26 million. CalAmp had a net margin of 0.63% and a return on equity of 15.40%. The company’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, equities research analysts predict that CalAmp will post 0.8 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in CalAmp by 0.5% in the 4th quarter. BlackRock Inc. now owns 5,397,128 shares of the Wireless communications provider’s stock valued at $70,218,000 after buying an additional 28,260 shares during the period. Vanguard Group Inc. raised its holdings in CalAmp by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,189,940 shares of the Wireless communications provider’s stock valued at $52,472,000 after buying an additional 31,876 shares during the period. Vanguard Group Inc raised its holdings in CalAmp by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 2,189,940 shares of the Wireless communications provider’s stock valued at $52,472,000 after buying an additional 31,876 shares during the period. Dimensional Fund Advisors LP raised its holdings in CalAmp by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,708,889 shares of the Wireless communications provider’s stock valued at $22,233,000 after buying an additional 42,993 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in CalAmp by 65.6% in the 3rd quarter. Renaissance Technologies LLC now owns 717,600 shares of the Wireless communications provider’s stock valued at $17,194,000 after buying an additional 284,300 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

About CalAmp

CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides 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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