Northland Securities analyst Michael Latimore maintained a Buy rating on Iteris (ITI) today and set a price target of $9.00. The company’s shares closed last Thursday at $5.86, close to its 52-week high of $6.10.
According to TipRanks.com, Latimore is a top 100 analyst with an average return of 27.8% and a 65.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.
Currently, the analyst consensus on Iteris is a Strong Buy with an average price target of $10.00, implying a 75.4% upside from current levels. In a report issued on December 8, B.Riley Financial also maintained a Buy rating on the stock with a $9.00 price target.
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Iteris’ market cap is currently $241.3M and has a P/E ratio of 25.60. The company has a Price to Book ratio of 4.66.
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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. The Roadway Sensors segment offers various vehicle detection and information systems and products for traffic intersection control, incident detection, and roadway traffic data collection applications. The Transportation Systems segment includes transportation engineering and consulting services. The Agriculture and Weather Analytics segment consists of ClearAg solutions and ClearPath Weather management tools, which deliver road maintenance applications and digital agriculture platforms, respectively. The company was founded by Joel Slutzky in 1969 and is headquartered in Santa Ana, CA.
