Zacks: Ituran Location and Control Ltd. (US) (ITRN) Given $40.00 Consensus Price Target by Analysts

Shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $40.00 for the company and are forecasting that the company will post $0.67 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ituran Location and Control Ltd. (US) an industry rank of 203 out of 256 based on the ratings given to its competitors.

A number of equities research analysts have commented on ITRN shares. BidaskClub cut shares of Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Zacks Investment Research upgraded shares of Ituran Location and Control Ltd. (US) from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 30th. Finally, Barclays started coverage on shares of Ituran Location and Control Ltd. (US) in a research note on Thursday. They set an “overweight” rating and a $42.00 target price on the stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITRN. Marshall Wace LLP bought a new stake in Ituran Location and Control Ltd. (US) during the 3rd quarter worth approximately $341,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Ituran Location and Control Ltd. (US) by 8.6% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 295,702 shares of the industrial products company’s stock valued at $9,542,000 after buying an additional 23,412 shares in the last quarter. ETF Managers Group LLC grew its holdings in Ituran Location and Control Ltd. (US) by 3.2% during the 4th quarter. ETF Managers Group LLC now owns 16,089 shares of the industrial products company’s stock valued at $516,000 after buying an additional 497 shares in the last quarter. Brasada Capital Management LP grew its holdings in Ituran Location and Control Ltd. (US) by 17.9% during the 4th quarter. Brasada Capital Management LP now owns 12,750 shares of the industrial products company’s stock valued at $409,000 after buying an additional 1,940 shares in the last quarter. Finally, River Road Asset Management LLC grew its holdings in Ituran Location and Control Ltd. (US) by 0.5% during the 4th quarter. River Road Asset Management LLC now owns 402,535 shares of the industrial products company’s stock valued at $12,905,000 after buying an additional 1,910 shares in the last quarter. Institutional investors own 64.20% of the company’s stock.

NASDAQ ITRN traded up $0.85 on Thursday, reaching $33.75. 25,465 shares of the stock were exchanged, compared to its average volume of 28,951. Ituran Location and Control Ltd. has a one year low of $29.25 and a one year high of $38.50. The stock has a market cap of $691.04 million, a price-to-earnings ratio of 13.78, a PEG ratio of 0.70 and a beta of 0.81. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last released its earnings results on Monday, March 11th. The industrial products company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ituran Location and Control Ltd. (US) had a net margin of 25.47% and a return on equity of 34.74%. The company had revenue of $79.17 million for the quarter, compared to analysts’ expectations of $90.39 million. Sell-side analysts forecast that Ituran Location and Control Ltd. will post 2.9 EPS for the current year.

Ituran Location and Control Ltd. (US) Company Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products in Israel, Brazil, Argentina, and the United States. The company's Location-Based Services segment provides stolen vehicle recovery and tracking services, which locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and personal locator services that allow customers to protect valuable merchandise and equipment.

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