Shares of Itron, Inc. (NASDAQ:ITRI) have received an average recommendation of “Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $81.75.
A number of brokerages have weighed in on ITRI. JMP Securities set a $102.00 price target on shares of Itron and gave the company a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reiterated a “hold” rating and set a $78.00 price target on shares of Itron in a research report on Friday, October 6th. Zacks Investment Research cut shares of Itron from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $78.00 price target (up from $75.00) on shares of Itron in a research report on Friday, August 4th.
Shares of Itron (NASDAQ:ITRI) opened at 79.10 on Thursday. Itron has a 52-week low of $51.55 and a 52-week high of $79.85. The stock has a market capitalization of $3.06 billion, a PE ratio of 97.90 and a beta of 1.10. The firm has a 50-day moving average of $75.69 and a 200 day moving average of $69.95.
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 for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Itron had a net margin of 1.60% and a return on equity of 15.43%. The business had revenue of $503.10 million during the quarter, compared to analysts’ expectations of $491.80 million. During the same period last year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts forecast that Itron will post $3.07 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Itron in the second quarter valued at approximately $1,036,000. Piedmont Investment Advisors LLC purchased a new position in Itron in the second quarter worth approximately $493,000. Argent Capital Management LLC lifted its stake in Itron by 3.9% in the second quarter. Argent Capital Management LLC now owns 61,950 shares of the scientific and technical instruments company’s stock worth $4,197,000 after acquiring an additional 2,300 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Itron by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,384 shares of the scientific and technical instruments company’s stock worth $1,788,000 after acquiring an additional 602 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Itron in the second quarter worth approximately $243,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.
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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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