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

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $41.00 price target on shares of Ituran Location and Control Ltd. (US) in a research report on Tuesday, December 4th. Zacks Investment Research raised Ituran Location and Control Ltd. (US) from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research report on Friday, November 30th.

NASDAQ ITRN traded down $0.59 during trading hours on Thursday, reaching $33.02. 35,274 shares of the company’s stock were exchanged, compared to its average volume of 48,337. Ituran Location and Control Ltd. has a one year low of $29.25 and a one year high of $36.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.42 and a current ratio of 1.73. The stock has a market cap of $715.58 million, a price-to-earnings ratio of 15.80, a PEG ratio of 0.69 and a beta of 0.75.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last released its quarterly earnings results on Monday, November 26th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. Ituran Location and Control Ltd. (US) had a return on equity of 32.17% and a net margin of 25.13%. The firm had revenue of $53.38 million during the quarter, compared to the consensus estimate of $57.06 million. On average, analysts predict that Ituran Location and Control Ltd. will post 2.4 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in ITRN. Russell Investments Group Ltd. acquired a new stake in shares of Ituran Location and Control Ltd. (US) in the 2nd quarter valued at approximately $108,000. RBF Capital LLC acquired a new stake in shares of Ituran Location and Control Ltd. (US) in the 3rd quarter valued at approximately $204,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Ituran Location and Control Ltd. (US) in the 3rd quarter valued at approximately $208,000. WBI Investments Inc. acquired a new stake in shares of Ituran Location and Control Ltd. (US) in the 3rd quarter valued at approximately $233,000. Finally, Marshall Wace LLP acquired a new stake in shares of Ituran Location and Control Ltd. (US) in the 3rd quarter valued at approximately $341,000. 57.99% of the stock is owned by hedge funds and other 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.

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