Ituran Location and Control (NASDAQ:ITRN) Rating Increased 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 report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their target price on Ituran Location and Control from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. UBS Group reiterated a “buy” rating on shares of Ituran Location and Control in a report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Ituran Location and Control in a report on Friday, March 27th. Loop Capital set a $57.00 target price on Ituran Location and Control in a report on Monday, March 9th. Finally, Wall Street Zen cut Ituran Location and Control from a “strong-buy” rating to a “buy” rating in a report on Monday, May 25th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.67.

Ituran Location and Control Price Performance

NASDAQ ITRN opened at $65.55 on Thursday. The stock has a market capitalization of $1.30 billion, a PE ratio of 21.63 and a beta of 0.73. The business has a 50 day simple moving average of $55.76 and a two-hundred day simple moving average of $48.20. Ituran Location and Control has a 1-year low of $32.71 and a 1-year high of $66.44.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Tuesday, May 26th. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. The business had revenue of $102.67 million during the quarter, compared to analysts’ expectations 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 anticipate that Ituran Location and Control will post 3.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Ituran Location and Control by 257.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 629 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 453 shares in the last quarter. Global Retirement Partners LLC raised its stake in 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 valued at $28,000 after buying an additional 219 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Ituran Location and Control in the third quarter valued at about $28,000. Jones Financial Companies Lllp raised its stake in Ituran Location and Control by 327.2% in the first quarter. Jones Financial Companies Lllp now owns 1,226 shares of the industrial products company’s stock valued at $43,000 after buying an additional 939 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in Ituran Location and Control in the third quarter valued at about $53,000. 94.80% of the stock is owned by institutional investors.

Trending Headlines about Ituran Location and Control

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.

About Ituran Location and Control

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.