Shares of Ituran (NASDAQ:ITRN) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a twelve-month consensus target price of $36.10 for the company, according to Zacks. Zacks has also given Ituran an industry rank of 111 out of 265 based on the ratings given to related companies.
ITRN has been the subject of several recent research reports. Zacks Investment Research raised Ituran from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, April 3rd. BidaskClub upgraded Ituran from a “sell” rating to a “hold” rating in a research report on Monday, February 5th.
Shares of ITRN stock traded down $0.05 during trading hours on Tuesday, reaching $31.25. 39,600 shares of the stock were exchanged, compared to its average volume of 52,220. Ituran has a 12-month low of $28.50 and a 12-month high of $38.00. The firm has a market capitalization of $733.61 million, a price-to-earnings ratio of 14.95 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. The firm had revenue of $61.29 million during the quarter. Ituran had a return on equity of 34.76% and a net margin of 18.36%. sell-side analysts forecast that Ituran will post 2.47 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its holdings in Ituran by 19.9% during the 4th quarter. Lazard Asset Management LLC now owns 64,742 shares of the industrial products company’s stock worth $2,214,000 after purchasing an additional 10,742 shares during the last quarter. Simcoe Capital Management LLC boosted its position in Ituran by 5.4% during the 4th quarter. Simcoe Capital Management LLC now owns 658,965 shares of the industrial products company’s stock valued at $22,536,000 after purchasing an additional 33,600 shares during the period. Delek Group Ltd. acquired a new position in Ituran during the 4th quarter worth $5,222,000. Schroder Investment Management Group acquired a new position in Ituran during the 4th quarter worth $2,948,000. Finally, Renaissance Technologies LLC boosted its position in Ituran by 5.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,205,175 shares of the industrial products company’s stock worth $41,217,000 after acquiring an additional 61,826 shares during the period. Institutional investors and hedge funds own 49.81% of the company’s stock.
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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