Zacks: Ituran Location and Control Ltd. (US) (ITRN) Given $41.00 Average Target Price by Brokerages

Shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price target of $41.00 for the company and are forecasting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also assigned Ituran Location and Control Ltd. (US) an industry rank of 183 out of 256 based on the ratings given to related companies.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Ituran Location and Control Ltd. (US) from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research report on Friday, November 30th. BidaskClub lowered Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $41.00 target price on shares of Ituran Location and Control Ltd. (US) in a research report on Tuesday, December 4th.

Shares of NASDAQ ITRN traded down $0.09 during trading on Monday, reaching $34.72. The company had a trading volume of 2,301 shares, compared to its average volume of 32,631. Ituran Location and Control Ltd. has a 12 month low of $29.25 and a 12 month high of $36.72. The firm has a market capitalization of $742.90 million, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.72 and a beta of 0.75. The company has a current ratio of 1.73, a quick ratio of 1.42 and a debt-to-equity ratio of 0.46.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last released its quarterly earnings results on Monday, November 26th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. Ituran Location and Control Ltd. (US) had a return on equity of 32.17% and a net margin of 25.13%. The firm had revenue of $53.38 million for the quarter, compared to analyst estimates of $57.06 million. As a group, analysts forecast that Ituran Location and Control Ltd. will post 2.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Wednesday, December 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, December 24th. This represents a $0.92 annualized dividend and a dividend yield of 2.65%. Ituran Location and Control Ltd. (US)’s payout ratio is 44.02%.

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in Ituran Location and Control Ltd. (US) in the second quarter worth approximately $108,000. RBF Capital LLC bought a new position in Ituran Location and Control Ltd. (US) in the third quarter worth approximately $204,000. Stone Ridge Asset Management LLC bought a new position in Ituran Location and Control Ltd. (US) in the third quarter worth approximately $208,000. WBI Investments Inc. bought a new position in Ituran Location and Control Ltd. (US) in the third quarter worth approximately $233,000. Finally, Marshall Wace LLP bought a new position in Ituran Location and Control Ltd. (US) in the third quarter worth approximately $341,000. Institutional investors own 57.99% of the company’s stock.

About Ituran Location and Control Ltd. (US)

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products in Israel, Brazil, Argentina, and the United States. The company's Location-Based Services segment provides stolen vehicle recovery and tracking services, which locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and personal locator services that allow customers to protect valuable merchandise and equipment.

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