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

Ituran Location and Control Ltd. (NASDAQ:ITRN) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $60.67.

Separately, Weiss Ratings lowered shares of Ituran Location and Control from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd.

Ituran Location and Control Stock Performance

Shares of ITRN stock opened at $52.53 on Friday. Ituran Location and Control has a 1-year low of $35.00 and a 1-year high of $68.30. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 16.21 and a beta of 0.78. The stock has a 50-day moving average of $52.47 and a 200-day moving average of $55.90.

Ituran Location and Control (NASDAQ:ITRN) last posted its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Ituran Location and Control had a return on equity of 29.03% and a net margin of 16.28%.The company had revenue of $104.79 million for the quarter, compared to analyst estimates of $99.84 million. Sell-side analysts forecast that Ituran Location and Control will post 3.54 earnings per share for the current year.

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.00 annualized dividend and a yield of 3.8%. Ituran Location and Control’s payout ratio is presently 61.73%.

Institutional Trading of Ituran Location and Control

A number of large investors have recently bought and sold shares of ITRN. Tidal Investments LLC boosted its position 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 in the last quarter. Engineers Gate Manager LP grew its stake in Ituran Location and Control by 96.9% during the second quarter. Engineers Gate Manager LP now owns 11,207 shares of the industrial products company’s stock worth $684,000 after purchasing an additional 5,516 shares during the period. BTG Pactual Asset Management US LLC bought a new stake in Ituran Location and Control in the second quarter worth approximately $389,000. Navellier & Associates Inc. lifted its stake in Ituran Location and Control by 286.6% in the second 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 during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Ituran Location and Control in the second quarter valued at approximately $787,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd. (NASDAQ: ITRN) is an Israel-based provider of location-based services and wireless communications solutions. The company develops and operates vehicle location, tracking and control systems designed to help customers monitor vehicles, recover stolen automobiles and manage mobile assets.

Its offerings include vehicle-recovery and tracking services, fleet-management solutions, GPS and cellular communication devices, and telematics services used by insurers, automobile manufacturers, fleet operators and individual consumers.