Recent Investment Analysts’ Ratings Updates for Ituran Location and Control Ltd. (US) (ITRN)

A number of research firms have changed their ratings and price targets for Ituran Location and Control Ltd. (US) (NASDAQ: ITRN):

  • 1/9/2018 – Ituran Location and Control Ltd. (US) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. 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. “
  • 1/6/2018 – Ituran Location and Control Ltd. (US) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/5/2018 – Ituran Location and Control Ltd. (US) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 12/22/2017 – Ituran Location and Control Ltd. (US) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/21/2017 – Ituran Location and Control Ltd. (US) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. 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. “
  • 11/17/2017 – Ituran Location and Control Ltd. (US) was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $36.00 price target on the stock.
  • 11/17/2017 – Ituran Location and Control Ltd. (US) was downgraded by analysts at Chardan Capital from a “buy” rating to a “neutral” rating. They now have a $36.00 price target on the stock.

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) traded up $0.30 during trading hours on Friday, reaching $34.05. The company’s stock had a trading volume of 60,400 shares, compared to its average volume of 36,725. The stock has a market capitalization of $739.13, a PE ratio of 17.46 and a beta of 0.82. Ituran Location and Control Ltd. has a fifty-two week low of $26.50 and a fifty-two week high of $38.00.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th were given a $0.24 dividend. The ex-dividend date was Tuesday, December 26th. This represents a $0.96 annualized dividend and a yield of 2.82%. Ituran Location and Control Ltd. (US)’s payout ratio is 49.23%.

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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