For its third fiscal quarter (ending September 30), Ituran Location and Control Ltd (NASDAQ: ITRN) has reported a 29% increase in E.P.S. from $0.49 a year ago to $0.63 in the current quarter. E.P.S. were $2.27 for the latest four quarters through September 30 versus $1.81 for the same period a year ago — an increase of 25%.
Recent Price Action
Ituran Location and Control Ltd (NASDAQ: ITRN) stock closed at $25.43 on 11/27/23 after a large increase of 2.3%. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ITRN is expected to continue to be a major Value Builder.
Ituran Location has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ituran Location has a very low Appreciation Score of 14 but a good Power Rating of 84, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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