Ituran Location and Control (ITRN) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ituran Location and Control in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ITRN shares.
View ITRN analyst ratings or view top-rated stocks.

1 analysts have issued 1-year target prices for Ituran Location and Control's stock. Their ITRN share price forecasts range from $35.00 to $35.00. On average, they expect the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
View analysts price targets for ITRN or view top-rated stocks among Wall Street analysts.

Ituran Location and Control's stock was trading at $21.13 at the beginning of 2023. Since then, ITRN shares have increased by 41.5% and is now trading at $29.90.
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Ituran Location and Control saw a decline in short interest in September. As of September 15th, there was short interest totaling 53,000 shares, a decline of 26.0% from the August 31st total of 71,600 shares. Based on an average daily volume of 63,600 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the company are short sold.
View Ituran Location and Control's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
View our ITRN earnings forecast.

Ituran Location and Control Ltd. (NASDAQ:ITRN) announced its earnings results on Tuesday, August, 15th. The industrial products company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. The industrial products company had revenue of $81.65 million for the quarter. Ituran Location and Control had a trailing twelve-month return on equity of 27.71% and a net margin of 14.01%. During the same quarter in the prior year, the firm posted $0.43 EPS.

Ituran Location and Control announced a quarterly dividend on Tuesday, August 15th. Stockholders of record on Wednesday, September 27th will be given a dividend of $0.15 per share on Wednesday, October 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, September 26th. This is an increase from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for ITRN.

ARK Israel Innovative Technology ETF holds 80,775 shares of ITRN stock, representing 2.30% of its portfolio.

Ituran Location and Control (NASDAQ:ITRN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.01%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ITRN.

9 employees have rated Ituran Location and Control Chief Executive Officer Eyal Sheratzky on Glassdoor.com. Eyal Sheratzky has an approval rating of 99% among the company's employees. This puts Eyal Sheratzky in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ituran Location and Control investors own include MoneyGram International (MGI), Pointer Telocation (PNTR), AbbVie (ABBV), Applied Materials (AMAT), Gilead Sciences (GILD), Teva Pharmaceutical Industries (TEVA), Verizon Communications (VZ), Booking (BKNG), Energy Transfer (ET) and Gilat Satellite Networks (GILT).

Ituran Location and Control trades on the NASDAQ under the ticker symbol "ITRN."

Shares of ITRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ITRN stock can currently be purchased for approximately $29.90.

The company employs 2,736 workers across the globe.

Ituran Location and Control's mailing address is 3 HASHIKMA STREET, AZOOR L3, 58001. The official website for the company is www.ituran.com. The industrial products company can be reached via phone at (723) 557-1314, via email at ituran@gkir.com, or via fax at 972-3557-1327.