Ituran Location and Control Ltd. (NASDAQ:ITRN) Stock Has Consensus Target Price of $60.67 According to Analysts

by · The Markets Daily

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN – Get Free Report) have received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $60.67.

Separately, Weiss Ratings cut shares of Ituran Location and Control from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 22nd.

View Our Latest Research Report on ITRN

Hedge Funds Weigh In On Ituran Location and Control

Several large investors have recently made changes to their positions in the business. D.A. Davidson & CO. grew its holdings in Ituran Location and Control by 4.7% in the 1st quarter. D.A. Davidson & CO. now owns 7,399 shares of the industrial products company’s stock valued at $363,000 after buying an additional 330 shares during the last quarter. Copeland Capital Management LLC increased its position in Ituran Location and Control by 31.2% in the 3rd quarter. Copeland Capital Management LLC now owns 1,847 shares of the industrial products company’s stock worth $95,000 after buying an additional 439 shares during the period. DGS Capital Management LLC increased its position in Ituran Location and Control by 2.1% in the 1st quarter. DGS Capital Management LLC now owns 29,457 shares of the industrial products company’s stock worth $1,444,000 after buying an additional 596 shares during the period. Janney Montgomery Scott LLC increased its position in Ituran Location and Control by 3.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,906 shares of the industrial products company’s stock worth $1,074,000 after buying an additional 648 shares during the period. Finally, Vest Financial LLC lifted its holdings in shares of Ituran Location and Control by 6.6% during the third quarter. Vest Financial LLC now owns 14,205 shares of the industrial products company’s stock worth $728,000 after buying an additional 883 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Trading Down 1.8%

NASDAQ ITRN opened at $52.42 on Tuesday. The company has a fifty day simple moving average of $51.56 and a 200 day simple moving average of $53.46. The company has a market cap of $1.04 billion, a P/E ratio of 16.18 and a beta of 0.78. Ituran Location and Control has a 1 year low of $35.22 and a 1 year high of $68.30.

Ituran Location and Control (NASDAQ:ITRN – Get Free Report) last posted its earnings results on Wednesday, August 12th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $104.79 million for the quarter, compared to analyst estimates of $99.84 million. Ituran Location and Control had a net margin of 16.28% and a return on equity of 29.03%. Equities research analysts forecast that Ituran Location and Control will post 3.54 EPS for the current fiscal year.

Ituran Location and Control Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th were paid a $0.50 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. Ituran Location and Control’s payout ratio is presently 61.73%.

Ituran Location and Control Company Profile

(Get Free Report)

Ituran Location and Control Ltd. is an Israel-based provider of vehicle location, tracking and control services. The company develops and operates solutions designed to help recover stolen vehicles, monitor vehicle locations and improve the safety, security and management of automobiles and other mobile assets.

Its offerings include stolen-vehicle recovery systems, GPS and cellular tracking devices, fleet-management tools, telematics services and related subscription-based monitoring services.

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