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CalAmp (NASDAQ:CAMP) “Buy” Rating Reiterated by Craig-Hallum; With $23.0 Target


CalAmp (NASDAQ:CAMP) Rating Reiterated

New York: In an analyst report sent to investors on Wednesday, 28 June, Craig-Hallum reiterated their “Buy” rating on shares of Calamp (NASDAQ:CAMP). They currently have a $23.0 price target on the firm. Craig-Hallum’s target gives a potential upside of 19.48 % from the company’s last close price.

Out of 9 analysts covering CalAmp, 10 rate it a Buy, 1 indicate a Hold while 0 suggest a Sell. The highest target is $29 and the lowest is $20 according to Thomson/First Call. The 12-month mean target is $22.56, which means upside potential of 17.19% over the current price.

Institutional Ownership

Falcon Point Capital Llc had the largest stake with ownership of 1.38M shares as of q2 2015 for 2.72% of the long stock exposure. Kestrel Investment Management Corp is another bull as the institutional investor who is possessing 311,300 shares of CalAmp or 1.84% of their long stock exposure. Further, Alphaone Investment Services Llc have 1.25% of their long stock exposure invested in the company for 272,251 shares. The Connecticut-based fund Thomson Horstmann & Bryant Inc revealed it had bought so far a stake worth about 1.22% of the institutional investor’s stock portfolio in CalAmp. The Massachusetts-based fund Aristotle Capital Boston Llc is also positive about the stock, possessing 599,944 shares or 0.77% of their long stock exposure.

CalAmp (NASDAQ:CAMP) Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

CalAmp (NASDAQ:CAMP) closed at $19.25 yesterday. A total of 250 shares of the company’s stock traded hands. This is down from average of 291,587 shares. CalAmp has a 52 week low of $12.13 and a 52 week high of $20.27. The company has a market cap of $667.64 million and a P/E ratio of 0.

Get the latest CalAmp (NASDAQ:CAMP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post CalAmp (NASDAQ:CAMP) “Buy” Rating Reiterated by Craig-Hallum; With $23.0 Target appeared first on Octafinance.

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CalAmp (NASDAQ:CAMP) “Buy” Rating Reiterated by Craig-Hallum; With $23.0 Target


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