Ituran (NASDAQ:ITRN) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a 1 year consensus price objective of $36.10 for the company, according to Zacks. Zacks has also assigned Ituran an industry rank of 110 out of 265 based on the ratings given to its competitors.
ITRN has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Ituran from a “buy” rating to a “hold” rating in a report on Friday, March 30th. BidaskClub raised shares of Ituran from a “sell” rating to a “hold” rating in a report on Friday, March 2nd.
A number of institutional investors have recently added to or reduced their stakes in ITRN. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Ituran in the fourth quarter worth $9,263,000. Delek Group Ltd. acquired a new position in shares of Ituran during the fourth quarter valued at $5,222,000. BlackRock Inc. boosted its holdings in shares of Ituran by 27.3% during the fourth quarter. BlackRock Inc. now owns 489,507 shares of the industrial products company’s stock valued at $16,742,000 after acquiring an additional 105,066 shares during the period. Schroder Investment Management Group acquired a new position in shares of Ituran during the fourth quarter valued at $2,948,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ituran by 5.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,205,175 shares of the industrial products company’s stock valued at $41,217,000 after acquiring an additional 61,826 shares during the period. 48.78% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:ITRN traded up $0.05 during midday trading on Tuesday, reaching $31.25. The company had a trading volume of 27,302 shares, compared to its average volume of 47,989. The firm has a market cap of $733.59 million, a PE ratio of 14.95 and a beta of 0.83. Ituran has a one year low of $28.50 and a one year high of $38.00.
Ituran (NASDAQ:ITRN) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $61.29 million during the quarter. Ituran had a net margin of 18.36% and a return on equity of 34.76%. analysts forecast that Ituran will post 2.47 earnings per share for the current fiscal year.
Ituran Company Profile
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 enable to 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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