CalAmp (CAMP) – Research Analysts’ Weekly Ratings Changes

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A number of firms have modified their ratings and price targets on shares of CalAmp (NASDAQ: CAMP) recently:

  • 10/22/2019 – CalAmp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/16/2019 – CalAmp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/8/2019 – CalAmp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/2/2019 – CalAmp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/27/2019 – CalAmp was given a new $20.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 9/27/2019 – CalAmp was given a new $24.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 9/25/2019 – CalAmp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/19/2019 – CalAmp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/16/2019 – CalAmp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/11/2019 – CalAmp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/10/2019 – CalAmp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/3/2019 – CalAmp had its “buy” rating reaffirmed by analysts at Northland Securities.
  • 8/30/2019 – CalAmp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

NASDAQ CAMP opened at $11.32 on Wednesday. The company has a market cap of $378.73 million, a price-to-earnings ratio of 20.94, a P/E/G ratio of 4.26 and a beta of 1.99. CalAmp Corp. has a 52 week low of $9.35 and a 52 week high of $20.79. The business has a 50 day moving average price of $10.71 and a 200-day moving average price of $11.33. 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 released its quarterly earnings data on Thursday, September 26th. The Wireless communications provider reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.11. The firm 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 company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, equities research analysts anticipate that CalAmp Corp. will post 0.27 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of CalAmp during the second quarter valued at approximately $62,000. Meeder Asset Management Inc. purchased a new position in shares of CalAmp during the second quarter valued at approximately $69,000. US Bancorp DE boosted its position in shares of CalAmp by 19.2% during the second quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock valued at $117,000 after buying an additional 1,611 shares during the last quarter. Walleye Trading Advisors LLC purchased a new position in shares of CalAmp during the second quarter valued at approximately $120,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CalAmp during the second quarter valued at approximately $128,000. 76.94% of the stock is currently owned by institutional investors.

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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