Ituran Location and Control Ltd. (US) (ITRN) Lowered to Sell at BidaskClub

Share on StockTwits

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other equities research analysts have also recently issued reports on ITRN. Zacks Investment Research upgraded Ituran Location and Control Ltd. (US) from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Friday, November 30th. Jefferies Financial Group restated a “buy” rating and set a $41.00 price objective on shares of Ituran Location and Control Ltd. (US) in a research note on Tuesday, December 4th.

ITRN stock opened at $34.13 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $728.40 million, a price-to-earnings ratio of 13.93, a P/E/G ratio of 0.72 and a beta of 0.80. Ituran Location and Control Ltd. has a 1 year low of $29.25 and a 1 year high of $38.50.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last posted its earnings results on Monday, March 11th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $79.17 million for the quarter, compared to analysts’ expectations of $90.39 million. Ituran Location and Control Ltd. (US) had a return on equity of 33.91% and a net margin of 25.47%. As a group, analysts predict that Ituran Location and Control Ltd. will post 3.02 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of ITRN. Legal & General Group Plc raised its stake in shares of Ituran Location and Control Ltd. (US) by 58.8% during the fourth quarter. Legal & General Group Plc now owns 929 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 344 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Ituran Location and Control Ltd. (US) by 16.5% during the fourth quarter. Bank of America Corp DE now owns 3,376 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 477 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Ituran Location and Control Ltd. (US) by 27.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,930 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 857 shares in the last quarter. RBF Capital LLC bought a new stake in shares of Ituran Location and Control Ltd. (US) during the third quarter valued at about $204,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Ituran Location and Control Ltd. (US) during the third quarter valued at about $208,000. Institutional investors and hedge funds own 63.33% of the company’s stock.

About Ituran Location and Control Ltd. (US)

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.

Featured Story: Marijuana Stocks Investing Considerations

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.