Ituran Location and Control Ltd. (US) (ITRN) Now Covered by Barclays

Analysts at Barclays began coverage on shares of Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) in a research note issued to investors on Thursday, The Fly reports. The firm set an “overweight” rating on the industrial products company’s stock.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Ituran Location and Control Ltd. (US) from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut shares of Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th.

Ituran Location and Control Ltd. (US) stock opened at $32.90 on Thursday. Ituran Location and Control Ltd. has a 52 week low of $29.25 and a 52 week high of $38.50. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The company has a market cap of $691.04 million, a price-to-earnings ratio of 13.43, a PEG ratio of 0.70 and a beta of 0.81.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last posted its earnings results on Monday, March 11th. The industrial products company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. Ituran Location and Control Ltd. (US) had a net margin of 25.47% and a return on equity of 34.74%. The firm had revenue of $79.17 million for the quarter, compared to analysts’ expectations of $90.39 million. As a group, sell-side analysts expect that Ituran Location and Control Ltd. will post 2.9 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Morgan Stanley raised its stake in Ituran Location and Control Ltd. (US) by 193.4% in the first quarter. Morgan Stanley now owns 84,613 shares of the industrial products company’s stock worth $2,889,000 after buying an additional 55,773 shares in the last quarter. SEI Investments Co raised its stake in Ituran Location and Control Ltd. (US) by 213.8% in the first quarter. SEI Investments Co now owns 79,400 shares of the industrial products company’s stock worth $2,712,000 after buying an additional 54,100 shares in the last quarter. Renaissance Technologies LLC raised its stake in Ituran Location and Control Ltd. (US) by 1.5% in the first quarter. Renaissance Technologies LLC now owns 1,383,700 shares of the industrial products company’s stock worth $47,253,000 after buying an additional 20,579 shares in the last quarter. Summit Global Investments raised its stake in Ituran Location and Control Ltd. (US) by 7.1% in the first quarter. Summit Global Investments now owns 22,500 shares of the industrial products company’s stock worth $768,000 after buying an additional 1,500 shares in the last quarter. Finally, Cove Street Capital LLC raised its stake in Ituran Location and Control Ltd. (US) by 77.1% in the first quarter. Cove Street Capital LLC now owns 79,678 shares of the industrial products company’s stock worth $2,721,000 after buying an additional 34,678 shares in the last quarter. 64.20% of the stock is currently owned by institutional investors.

Ituran Location and Control Ltd. (US) Company Profile

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.

Read More: What is Cost of Goods Sold (COGS)?

The Fly

Receive News & Ratings for Ituran Location and Control Ltd. (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ituran Location and Control Ltd. (US) and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply