Zacks: Brokerages Set $10.56 Target Price for PowerFleet (NASDAQ:PWFL)

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Shares of PowerFleet (NASDAQ:PWFL) have received an average broker rating score of 1.00 (Strong Buy) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. Five analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price target 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.

PWFL has been the subject of a number of research analyst reports. Barrington Research reissued a “buy” rating and issued a $12.00 price target on shares of PowerFleet in a research report on Tuesday, November 5th. Zacks Investment Research raised shares of PowerFleet from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Friday, October 18th. Finally, Canaccord Genuity initiated coverage on shares of PowerFleet in a research report on Friday, October 4th. They issued a “buy” rating and a $12.00 price target for the company.

Shares of PWFL stock traded down $0.03 during trading hours on Tuesday, reaching $6.07. The stock had a trading volume of 70,800 shares, compared to its average volume of 53,227. 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 stock has a market cap of $108.29 million, a PE ratio of -27.59 and a beta of 1.28. PowerFleet has a twelve month low of $4.76 and a twelve month high of $7.24.

PowerFleet Company Profile

There is no company description available for PowerFleet Inc

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