Brokerages Set $36.10 Price Target for Ituran (ITRN)

Ituran (NASDAQ:ITRN) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 12 month consensus price objective of $36.10 for the company, according to Zacks. Zacks has also assigned Ituran an industry rank of 20 out of 265 based on the ratings given to related companies.

How to Become a New Pot Stock Millionaire

Several research firms recently weighed in on ITRN. Zacks Investment Research lowered Ituran from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. BidaskClub downgraded Ituran from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd.

A number of institutional investors have recently added to or reduced their stakes in ITRN. Macquarie Group Ltd. bought a new stake in Ituran in the third quarter worth $435,000. JPMorgan Chase & Co. boosted its holdings in Ituran by 1,701.8% in the third quarter. JPMorgan Chase & Co. now owns 21,550 shares of the industrial products company’s stock worth $762,000 after acquiring an additional 20,354 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in Ituran in the third quarter worth $547,000. Allianz Asset Management GmbH boosted its holdings in Ituran by 543.8% in the third quarter. Allianz Asset Management GmbH now owns 63,461 shares of the industrial products company’s stock worth $2,287,000 after acquiring an additional 53,604 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Ituran by 30.5% in the third quarter. California Public Employees Retirement System now owns 14,351 shares of the industrial products company’s stock worth $517,000 after acquiring an additional 3,351 shares in the last quarter. 54.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ ITRN traded down $0.50 during mid-day trading on Thursday, hitting $31.75. 15,549 shares of the stock traded hands, compared to its average volume of 54,798. Ituran has a 52 week low of $28.50 and a 52 week high of $38.00. The firm has a market capitalization of $670.98, a PE ratio of 15.31 and a beta of 0.83.

Ituran (NASDAQ:ITRN) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.47 earnings per share for the quarter. Ituran had a return on equity of 34.76% and a net margin of 18.36%. The company had revenue of $61.29 million for the quarter. research analysts predict that Ituran will post 2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Tuesday, March 27th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Monday, March 26th. Ituran’s dividend payout ratio (DPR) is 45.93%.

WARNING: This story was published by Week Herald and is owned by of Week Herald. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://weekherald.com/2018/04/19/brokerages-set-36-10-price-target-for-ituran-itrn.html.

Ituran 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 enable to 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.

Get a free copy of the Zacks research report on Ituran (ITRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply