Zacks: Ituran Location and Control Ltd. (NASDAQ:ITRN) Receives Consensus Rating of “Strong Buy” from Analysts
Ituran Location and Control Ltd. (NASDAQ:ITRN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $33.00 for the company, according to Zacks. Zacks has also assigned Ituran Location and Control an industry rank of 101 out of 265 based on the ratings given to related companies.
A number of brokerages have recently issued reports on ITRN. BidaskClub upgraded Ituran Location and Control from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research raised Ituran Location and Control from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, June 27th.
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Ituran Location and Control (NASDAQ:ITRN) traded up 0.0003% during midday trading on Monday, reaching $31.4001. 5,852 shares of the company’s stock were exchanged. Ituran Location and Control has a 52 week low of $22.84 and a 52 week high of $36.95. The firm has a market capitalization of $658.40 million, a price-to-earnings ratio of 17.3481 and a beta of 0.82. The firm’s 50 day moving average is $31.89 and its 200 day moving average is $29.46.
Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings data on Wednesday, May 17th. The industrial products company reported $0.62 EPS for the quarter. Ituran Location and Control had a return on equity of 35.51% and a net margin of 18.15%. The business had revenue of $57.11 million for the quarter. On average, equities analysts anticipate that Ituran Location and Control will post $1.74 earnings per share for the current year.
The company also recently declared a special dividend, which was paid on Tuesday, July 11th. Shareholders of record on Tuesday, June 27th were given a dividend of $0.24 per share. This represents a yield of 5.13%. The ex-dividend date of this dividend was Friday, June 23rd. Ituran Location and Control’s dividend payout ratio (DPR) is 53.04%.
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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