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

Key Points

• Analyst sentiment is moderately bullish: Four of five analysts rate Ituran Location and Control a buy, while one recommends holding; the consensus 12-month price target is $60.67.
• Ituran exceeded quarterly expectations, reporting $0.88 in EPS versus the $0.87 estimate and revenue of $104.79 million versus $99.84 million expected.
• The company pays a quarterly dividend of $0.50 per share, equal to a 3.9% annualized yield, while institutional investors own 94.8% of the stock.

Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat reports. One research 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 issued ratings on the stock in the last year is $60.67.

Separately, Weiss Ratings lowered Ituran Location and Control from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, September 22nd.

Ituran Location and Control Price Performance

ITRN stock opened at $51.43 on Tuesday. Ituran Location and Control has a 1 year low of $35.22 and a 1 year high of $68.30. The company has a market cap of $1.02 billion, a P/E ratio of 15.87 and a beta of 0.78. The firm has a 50-day moving average of $51.46 and a 200 day moving average of $53.28.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $104.79 million during 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%. On average, equities research analysts expect that Ituran Location and Control will post 3.54 earnings per share for the current fiscal year.

Ituran Location and Control Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. Ituran Location and Control's payout ratio is currently 61.73%.

Institutional Investors Weigh In On Ituran Location and Control

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ITRN. Cannell & Spears LLC purchased a new position in Ituran Location and Control during the first quarter valued at $2,373,000. Navellier & Associates Inc. boosted 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 buying an additional 37,849 shares in the last quarter. Y.D. More Investments Ltd grew its position in shares of Ituran Location and Control by 3.8% in the 1st quarter. Y.D. More Investments Ltd now owns 891,274 shares of the industrial products company's stock worth $43,681,000 after buying an additional 33,000 shares during the period. Inspire Investing LLC purchased a new stake in shares of Ituran Location and Control in the 1st quarter worth about $1,587,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Ituran Location and Control in the 1st quarter worth about $1,451,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Company Profile

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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