Ituran Location and Control Ltd. (NASDAQ:ITRN) Stock Has Consensus Target Price of $60.67

Ituran Location and Control Ltd. (NASDAQ:ITRN) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $60.67.

Separately, Weiss Ratings downgraded Ituran Location and Control from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd.

Ituran Location and Control Stock Performance

Shares of NASDAQ ITRN opened at $51.43 on Tuesday. Ituran Location and Control has a fifty-two week low of $35.22 and a fifty-two week high of $68.30. The company has a 50 day simple moving average of $51.46 and a two-hundred day simple moving average of $53.28. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 15.87 and a beta of 0.78.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Wednesday, August 12th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. Ituran Location and Control had a net margin of 16.28% and a return on equity of 29.03%. The firm had revenue of $104.79 million during the quarter, compared to analyst estimates of $99.84 million. On average, analysts forecast that Ituran Location and Control will post 3.54 earnings per share for the current fiscal year.

Ituran Location and Control Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. Ituran Location and Control’s payout ratio is presently 61.73%.

Institutional Investors Weigh In On Ituran Location and Control

A number of institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC grew its stake in shares of Ituran Location and Control by 31.2% in the third quarter. Copeland Capital Management LLC now owns 1,847 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 439 shares during the last quarter. Baron Wealth Management LLC bought a new position in shares of Ituran Location and Control during the second quarter valued at $221,000. Entropy Technologies LP purchased a new position in shares of Ituran Location and Control in the 1st quarter worth about $204,000. Pictet Asset Management Holding SA purchased a new position in shares of Ituran Location and Control in the 1st quarter worth about $225,000. Finally, Inceptionr LLC purchased a new position in shares of Ituran Location and Control in the 1st quarter worth about $229,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd. is an Israel-based provider of vehicle location, tracking and control services. The company develops and operates solutions designed to help recover stolen vehicles, monitor vehicle locations and improve the safety, security and management of automobiles and other mobile assets.

Its offerings include stolen-vehicle recovery systems, GPS and cellular tracking devices, fleet-management tools, telematics services and related subscription-based monitoring services.