Ituran Location and Control Ltd. (NASDAQ:ITRN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $40.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.48% from the stock’s previous close.

According to Zacks, “Ituran provides location-based services, consisting predominantly of stolen vehicle recovery and tracking services, as well as wireless communications products used in connection with its location-based services and various other applications. Ituran offers mobile asset location, Stolen Vehicle Recovery, management & control services for vehicles, cargo and personal security, and radio frequency identification products for various purposes including automatic meter reading, electronic toll collection and homeland security applications. “

A number of other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of Ituran Location and Control from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Telsey Advisory Group lowered Ituran Location and Control from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research note on Friday, November 17th. Finally, Chardan Capital lowered Ituran Location and Control from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research note on Friday, November 17th.

Ituran Location and Control (NASDAQ:ITRN) opened at $35.25 on Tuesday. Ituran Location and Control has a 1-year low of $24.20 and a 1-year high of $38.00. The firm has a market cap of $742.27, a P/E ratio of 17.18 and a beta of 0.83.

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Several large investors have recently bought and sold shares of the company. FMR LLC increased its stake in shares of Ituran Location and Control by 5.0% in the 2nd quarter. FMR LLC now owns 1,305,753 shares of the industrial products company’s stock worth $40,870,000 after purchasing an additional 61,724 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Ituran Location and Control by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,128,700 shares of the industrial products company’s stock worth $35,328,000 after purchasing an additional 3,800 shares in the last quarter. Analyst IMS Investment Management Services Ltd. boosted its holdings in Ituran Location and Control by 6.1% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 656,662 shares of the industrial products company’s stock worth $20,553,000 after buying an additional 37,877 shares during the period. Simcoe Capital Management LLC boosted its holdings in Ituran Location and Control by 635.8% in the 3rd quarter. Simcoe Capital Management LLC now owns 625,365 shares of the industrial products company’s stock worth $22,544,000 after buying an additional 540,372 shares during the period. Finally, Sphera Funds Management LTD. boosted its holdings in Ituran Location and Control by 8.2% in the 2nd quarter. Sphera Funds Management LTD. now owns 304,421 shares of the industrial products company’s stock worth $9,528,000 after buying an additional 23,065 shares during the period. Hedge funds and other institutional investors own 51.78% of the company’s stock.

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.

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