Iteris Inc (ITI) Given Consensus Rating of “Buy” by Brokerages
Shares of Iteris Inc (NASDAQ:ITI) have received an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $9.00.
Several equities analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $9.00 target price on shares of Iteris in a research report on Monday, August 14th. Zacks Investment Research raised Iteris from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of Iteris in a research report on Thursday, August 17th.
Iteris (ITI) opened at $6.95 on Friday. Iteris has a 12-month low of $3.27 and a 12-month high of $8.17.
Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in Iteris during the third quarter worth approximately $116,000. SG Americas Securities LLC acquired a new stake in Iteris during the third quarter worth approximately $120,000. Wells Fargo & Company MN grew its position in Iteris by 1,730.8% during the third quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock worth $122,000 after buying an additional 17,308 shares in the last quarter. Rhumbline Advisers acquired a new stake in Iteris during the second quarter worth approximately $136,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Iteris during the second quarter worth approximately $137,000. 33.35% of the stock is currently owned by institutional investors and hedge funds.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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