Ituran Location and Control Ltd. (ITRN) Given $36.10 Consensus Target Price by Brokerages

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Ituran Location and Control’s rating score has declined by 200% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 12-month consensus target price of $36.10 for the company, according to Zacks. Zacks has also assigned Ituran Location and Control an industry rank of 169 out of 265 based on the ratings given to its competitors.

ITRN has been the subject of a number of research reports. Telsey Advisory Group lowered shares of Ituran Location and Control from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a research note on Friday, November 17th. Zacks Investment Research raised shares of Ituran Location and Control from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, November 21st. Chardan Capital lowered shares of Ituran Location and Control from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research note on Friday, November 17th. Finally, BidaskClub lowered shares of Ituran Location and Control from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th.

Shares of Ituran Location and Control (ITRN) opened at $35.00 on Thursday. Ituran Location and Control has a 12-month low of $25.05 and a 12-month high of $38.00. The firm has a market cap of $731.79, a price-to-earnings ratio of 16.94 and a beta of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, December 26th. Ituran Location and Control’s payout ratio is currently 46.60%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in shares of Ituran Location and Control by 30.8% in the second quarter. Wells Fargo & Company MN now owns 4,579 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 1,078 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Ituran Location and Control by 47.8% in the second quarter. New York State Common Retirement Fund now owns 6,994 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 2,263 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of Ituran Location and Control in the second quarter worth about $228,000. Covey Capital Advisors LLC purchased a new position in shares of Ituran Location and Control in the second quarter worth about $252,000. Finally, California Public Employees Retirement System purchased a new position in shares of Ituran Location and Control in the second quarter worth about $344,000. Institutional investors and hedge funds own 52.63% of the company’s stock.

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Ituran Location and Control Company Profile

Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.

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