Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $32.00 for the company and are expecting that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also assigned Ituran Location and Control Ltd. (US) an industry rank of 171 out of 255 based on the ratings given to its competitors.

ITRN has been the subject of several analyst reports. Barclays lowered their target price on shares of Ituran Location and Control Ltd. (US) from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. BidaskClub lowered shares of Ituran Location and Control Ltd. (US) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 1st. ValuEngine upgraded shares of Ituran Location and Control Ltd. (US) from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, TheStreet lowered shares of Ituran Location and Control Ltd. (US) from a “b-” rating to a “c+” rating in a research report on Monday.

Shares of ITRN stock traded up $0.26 on Friday, hitting $24.53. The stock had a trading volume of 38,668 shares, compared to its average volume of 60,190. The business has a 50 day moving average of $26.12 and a 200 day moving average of $30.57. The stock has a market cap of $516.47 million, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.77 and a quick ratio of 1.51. Ituran Location and Control Ltd. has a 12-month low of $23.38 and a 12-month high of $38.50.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). The firm had revenue of $71.24 million during the quarter, compared to analysts’ expectations of $75.09 million. Ituran Location and Control Ltd. (US) had a net margin of 20.55% and a return on equity of 29.72%. As a group, research analysts expect that Ituran Location and Control Ltd. will post 1.88 earnings per share for the current fiscal year.

The business also recently declared a — dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, September 25th. This represents a yield of 3.6%. Ituran Location and Control Ltd. (US)’s payout ratio is currently 39.18%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. grew its position in Ituran Location and Control Ltd. (US) by 10.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 10,303 shares of the industrial products company’s stock valued at $310,000 after buying an additional 955 shares during the period. Brasada Capital Management LP grew its position in Ituran Location and Control Ltd. (US) by 7.0% during the second quarter. Brasada Capital Management LP now owns 12,150 shares of the industrial products company’s stock valued at $363,000 after buying an additional 800 shares during the period. Campbell & CO Investment Adviser LLC grew its position in Ituran Location and Control Ltd. (US) by 123.0% during the third quarter. Campbell & CO Investment Adviser LLC now owns 15,397 shares of the industrial products company’s stock valued at $382,000 after buying an additional 8,491 shares during the period. Aptus Capital Advisors LLC grew its position in Ituran Location and Control Ltd. (US) by 18.6% during the second quarter. Aptus Capital Advisors LLC now owns 16,766 shares of the industrial products company’s stock valued at $504,000 after buying an additional 2,626 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in Ituran Location and Control Ltd. (US) during the second quarter valued at about $525,000. Institutional investors own 61.82% of the company’s stock.

About Ituran Location and Control Ltd. (US)

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 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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