Zacks: PowerFleet (NASDAQ:PWFL) Given $10.56 Consensus Price Target by Analysts

Shares of PowerFleet (NASDAQ:PWFL) have been given an average broker rating score of 1.00 (Strong Buy) from the five analysts that cover the company, Zacks Investment Research reports. Five equities research analysts have rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price objective of $10.56 for the company and are forecasting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned PowerFleet an industry rank of 203 out of 255 based on the ratings given to its competitors.

Several research analysts have issued reports on PWFL shares. Zacks Investment Research raised shares of PowerFleet from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Friday, October 18th. Barrington Research reaffirmed a “buy” rating and issued a $12.00 target price on shares of PowerFleet in a report on Tuesday, November 5th. Finally, Canaccord Genuity started coverage on shares of PowerFleet in a report on Friday, October 4th. They issued a “buy” rating and a $12.00 target price on the stock.

PowerFleet stock traded down $0.03 during mid-day trading on Tuesday, reaching $6.07. 70,800 shares of the company’s stock were exchanged, compared to its average volume of 53,227. PowerFleet has a twelve month low of $4.76 and a twelve month high of $7.24. The company has a quick ratio of 1.24, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. The firm has a market cap of $108.29 million, a PE ratio of -27.59 and a beta of 1.28.

About PowerFleet

There is no company description available for PowerFleet Inc

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