JMP Securities Analysts Give Itron, Inc. (ITRI) a $102.00 Price Target

JMP Securities set a $102.00 price target on Itron, Inc. (NASDAQ:ITRI) in a report published on Thursday. The firm currently has a buy rating on the scientific and technical instruments company’s stock.

ITRI has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Itron from a sell rating to a hold rating in a research report on Monday, July 17th. Canaccord Genuity restated a hold rating and set a $78.00 price objective on shares of Itron in a research report on Friday, October 6th. Finally, BidaskClub downgraded shares of Itron from a strong-buy rating to a buy rating in a research report on Thursday, June 22nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $81.78.

Shares of Itron (ITRI) opened at 78.75 on Thursday. The stock’s 50 day moving average is $75.19 and its 200 day moving average is $69.62. Itron has a 52 week low of $51.55 and a 52 week high of $79.50. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 97.46 and a beta of 1.10.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $503.10 million for the quarter, compared to the consensus estimate of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, equities analysts forecast that Itron will post $3.07 EPS for the current year.

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Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in Itron by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock valued at $109,000 after buying an additional 31 shares during the last quarter. Pacad Investment Ltd. increased its holdings in Itron by 21.4% during the second quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 300 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Itron by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock valued at $142,000 after buying an additional 897 shares during the last quarter. SG Americas Securities LLC increased its holdings in Itron by 1.5% during the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock valued at $144,000 after buying an additional 36 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Itron by 21.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 444 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

About Itron

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.

Analyst Recommendations for Itron (NASDAQ:ITRI)

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