Ituran Location and Control (NASDAQ:ITRN) Upgraded to Hold at Zacks Research

Ituran Location and Control (NASDAQ:ITRN) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Ituran Location and Control in a research report on Friday, March 27th. Loop Capital set a $57.00 price objective on Ituran Location and Control in a research report on Monday, March 9th. Barclays boosted their price objective on Ituran Location and Control from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. UBS Group reiterated a “buy” rating on shares of Ituran Location and Control in a research report on Wednesday. Finally, Maxim Group initiated coverage on Ituran Location and Control in a report on Thursday, March 12th. They set a “buy” rating and a $70.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.67.

Ituran Location and Control Trading Up 1.0%

Shares of NASDAQ ITRN opened at $65.55 on Thursday. Ituran Location and Control has a 12 month low of $32.71 and a 12 month high of $66.44. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.63 and a beta of 0.73. The business has a 50-day moving average of $55.76 and a 200-day moving average of $48.20.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings data on Tuesday, May 26th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. The company had revenue of $102.67 million during the quarter, compared to analyst estimates of $95.32 million. Ituran Location and Control had a return on equity of 27.70% and a net margin of 16.03%. On average, analysts predict that Ituran Location and Control will post 3.5 earnings per share for the current year.

Institutional Investors Weigh In On Ituran Location and Control

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ituran Location and Control by 257.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 629 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 453 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Ituran Location and Control by 50.1% in the fourth quarter. Global Retirement Partners LLC now owns 656 shares of the industrial products company’s stock worth $28,000 after buying an additional 219 shares during the period. Advisory Services Network LLC bought a new position in shares of Ituran Location and Control in the third quarter worth about $28,000. Jones Financial Companies Lllp grew its position in shares of Ituran Location and Control by 327.2% during the first quarter. Jones Financial Companies Lllp now owns 1,226 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 939 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Ituran Location and Control during the third quarter worth about $53,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control News Summary

Here are the key news stories impacting Ituran Location and Control this week:

• Positive Sentiment: Maxim Group maintained a Buy rating on Ituran Location and Control and kept its $70 target price, signaling continued confidence in the stock’s upside potential.
• Positive Sentiment: The analyst’s updated earnings estimates point to consistent growth, including FY2026 EPS of $3.50 and FY2027 EPS of $4.00, which can support a higher valuation if achieved.
• Neutral Sentiment: Maxim Group also published quarterly EPS estimates for 2026 and 2027, including $0.86 for Q2 2026, $0.88 for Q3 2026, $0.91 for Q4 2026, and $1.03 for Q4 2027, reflecting a gradual earnings ramp rather than a major surprise.
• Neutral Sentiment: Short interest data released on May 28 showed 0 shares reported, indicating no meaningful short-selling pressure from that update.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.

Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.