Ituran (NASDAQ:ITRN) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus target price of $36.10 for the company, according to Zacks. Zacks has also given Ituran an industry rank of 18 out of 265 based on the ratings given to its competitors.
ITRN has been the subject of several analyst reports. BidaskClub raised shares of Ituran from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Ituran from a “buy” rating to a “hold” rating in a report on Friday, January 5th.
Shares of ITRN traded up $0.15 during midday trading on Thursday, hitting $32.55. 17,506 shares of the stock traded hands, compared to its average volume of 54,648. Ituran has a 1-year low of $28.50 and a 1-year high of $38.00. The company has a market cap of $678.32, a price-to-earnings ratio of 15.69 and a beta of 0.83.
Ituran (NASDAQ:ITRN) last announced its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter. Ituran had a net margin of 18.36% and a return on equity of 34.76%. The company had revenue of $61.29 million during the quarter. equities analysts expect that Ituran will post 2.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Tuesday, March 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Monday, March 26th. Ituran’s payout ratio is 45.93%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Delek Group Ltd. acquired a new stake in Ituran in the 4th quarter valued at about $5,222,000. Meitav Dash Investments Ltd. acquired a new stake in Ituran during the 4th quarter worth about $361,000. Two Sigma Investments LP raised its holdings in Ituran by 23.4% during the 4th quarter. Two Sigma Investments LP now owns 25,010 shares of the industrial products company’s stock worth $855,000 after buying an additional 4,741 shares during the period. Two Sigma Advisers LP acquired a new stake in Ituran during the 4th quarter worth about $252,000. Finally, Deutsche Bank AG raised its holdings in Ituran by 52.5% during the 4th quarter. Deutsche Bank AG now owns 40,849 shares of the industrial products company’s stock worth $1,396,000 after buying an additional 14,059 shares during the period. 54.51% of the stock is owned by institutional investors.
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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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