B.Riley FBR analyst Jeff Van Sinderen reiterated a Buy rating on Iteris (ITI) today and set a price target of $8.50. The company’s shares closed last Monday at $5.06.
According to TipRanks.com, Sinderen is a 1-star analyst with an average return of -0.1% and a 47.8% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Celsius Holdings, and Chromadex.
Iteris has an analyst consensus of Moderate Buy, with a price target consensus of $8.75.
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Based on Iteris’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $2.19 million. In comparison, last year the company had a GAAP net loss of $2.46 million.
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Iteris, Inc. engages in the provision of information solutions for both the traffic management and global agribusiness markets. It operates through the following segments: Roadway Sensors; Transportation Systems; and Agriculture and Weather Analytics.
