Robert W. Baird restated their hold rating on shares of Itron, Inc. (NASDAQ:ITRI) in a report published on Tuesday, September 12th. The firm currently has a $77.00 price objective on the scientific and technical instruments company’s stock.
Several other research analysts have also issued reports on ITRI. Zacks Investment Research lowered Itron from a buy rating to a hold rating in a report on Thursday, May 18th. Canaccord Genuity reiterated a buy rating and issued a $72.00 price target on shares of Itron in a report on Friday, May 26th. Guggenheim assumed coverage on Itron in a report on Tuesday, June 20th. They issued a buy rating and a $81.00 price target on the stock. BidaskClub lowered Itron from a strong-buy rating to a buy rating in a report on Thursday, June 22nd. Finally, JMP Securities set a $88.00 target price on Itron and gave the company a buy rating in a report on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $80.22.
Itron (NASDAQ ITRI) traded up 0.99% during trading on Tuesday, hitting $76.60. 153,229 shares of the stock traded hands. The stock has a market cap of $2.96 billion, a PE ratio of 94.80 and a beta of 1.08. Itron has a one year low of $51.55 and a one year high of $77.40. The company has a 50-day moving average price of $72.49 and a 200 day moving average price of $67.47.
Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. The business had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. Itron had a return on equity of 15.43% and a net margin of 1.60%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Analysts expect that Itron will post $3.07 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in ITRI. Delta Lloyd Asset Management N.V. purchased a new position in shares of Itron in the second quarter valued at $4,743,000. Credit Suisse AG grew its position in shares of Itron by 25.0% in the first quarter. Credit Suisse AG now owns 106,811 shares of the scientific and technical instruments company’s stock valued at $6,483,000 after purchasing an additional 21,368 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Itron by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 461,181 shares of the scientific and technical instruments company’s stock valued at $27,995,000 after purchasing an additional 18,598 shares in the last quarter. Redwood Investments LLC purchased a new position in shares of Itron in the first quarter valued at $6,923,000. Finally, HighTower Advisors LLC grew its position in shares of Itron by 5.9% in the first quarter. HighTower Advisors LLC now owns 3,845 shares of the scientific and technical instruments company’s stock valued at $234,000 after purchasing an additional 214 shares in the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
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