Ituran Location and Control Ltd. (ITRN) Given $36.10 Consensus Price Target 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 analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. Ituran Location and Control’s rating score has declined by 200% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a twelve-month consensus price objective of $36.10 for the company, according to Zacks. Zacks has also assigned Ituran Location and Control an industry rank of 115 out of 265 based on the ratings given to related companies.

Several equities research analysts have weighed in on ITRN shares. Telsey Advisory Group cut shares of Ituran Location and Control from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a research report on Friday, November 17th. Zacks Investment Research cut shares of Ituran Location and Control from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub cut shares of Ituran Location and Control from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Chardan Capital lowered shares of Ituran Location and Control from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Friday, November 17th.

Shares of Ituran Location and Control (NASDAQ:ITRN) traded down $0.40 during trading hours on Wednesday, hitting $35.00. 61,400 shares of the stock were exchanged, compared to its average volume of 40,083. Ituran Location and Control has a 1 year low of $24.10 and a 1 year high of $38.00. The company has a market cap of $742.27, a price-to-earnings ratio of 17.18 and a beta of 0.83.

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

WARNING: “Ituran Location and Control Ltd. (ITRN) Given $36.10 Consensus Price Target by Brokerages” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/08/ituran-location-and-control-ltd-itrn-given-36-10-consensus-price-target-by-brokerages.html.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in Ituran Location and Control by 30.8% during the second quarter. Wells Fargo & Company MN now owns 4,579 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 1,078 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Ituran Location and Control by 47.8% during the second quarter. New York State Common Retirement Fund now owns 6,994 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 2,263 shares during the period. ETF Managers Group LLC purchased a new stake in shares of Ituran Location and Control during the second quarter valued at $228,000. Covey Capital Advisors LLC purchased a new stake in shares of Ituran Location and Control during the second quarter valued at $252,000. Finally, California Public Employees Retirement System purchased a new stake in shares of Ituran Location and Control during the second quarter valued at $344,000. 51.78% of the stock is currently owned by institutional investors.

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.

Get a free copy of the Zacks research report on Ituran Location and Control (ITRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ituran Location and Control Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ituran Location and Control Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply