Ituran Location and Control (NASDAQ:ITRN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.
Separately, Weiss Ratings downgraded shares of Ituran Location and Control from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, September 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Ituran Location and Control has a consensus rating of "Moderate Buy" and a consensus price target of $60.67.
View Our Latest Stock Report on Ituran Location and Control
Ituran Location and Control Trading Down 1.8%
Shares of Ituran Location and Control stock traded down $0.89 during trading on Friday, hitting $48.23. 136,284 shares of the stock traded hands, compared to its average volume of 97,249. The stock's fifty day simple moving average is $51.45 and its 200 day simple moving average is $53.78. The firm has a market cap of $959.29 million, a P/E ratio of 14.89 and a beta of 0.79. Ituran Location and Control has a 52-week low of $35.22 and a 52-week high of $68.30.
Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.01. Ituran Location and Control had a net margin of 16.28% and a return on equity of 29.03%. The company had revenue of $104.79 million during the quarter, compared to analyst estimates of $99.84 million. As a group, equities analysts expect that Ituran Location and Control will post 3.54 EPS for the current year.
Hedge Funds Weigh In On Ituran Location and Control
Large investors have recently added to or reduced their stakes in the company. Asset One Wealth Management LLC purchased a new position in Ituran Location and Control in the third quarter worth $2,262,000. Cannell & Spears LLC acquired a new position in shares of Ituran Location and Control during the first quarter worth $2,373,000. Navellier & Associates Inc. lifted its holdings in shares of Ituran Location and Control by 286.6% during the 2nd quarter. Navellier & Associates Inc. now owns 51,056 shares of the industrial products company's stock valued at $3,115,000 after purchasing an additional 37,849 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Ituran Location and Control by 10.3% during the 1st quarter. Lazard Asset Management LLC now owns 111,710 shares of the industrial products company's stock valued at $5,475,000 after purchasing an additional 10,464 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Ituran Location and Control by 73.8% during the 2nd quarter. Tidal Investments LLC now owns 28,928 shares of the industrial products company's stock valued at $1,765,000 after purchasing an additional 12,279 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.
About Ituran Location and Control
(
Get Free Report)
Ituran Location and Control Ltd. provides location-based telematics services and products for drivers, vehicle owners, and businesses. Its offerings include stolen-vehicle recovery and tracking, fleet management, and connected-vehicle services that help customers monitor vehicles and manage their use. The company combines in-vehicle hardware with wireless communications and location technology to deliver tracking, alerts, and vehicle-related information. Ituran serves customers in Israel and several international markets, including countries in Latin America.
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