Robert W. Baird cut shares of Itron, Inc. (NASDAQ:ITRI) from an outperform rating to a neutral rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have $77.00 target price on the scientific and technical instruments company’s stock, up from their previous target price of $73.00. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently commented on the company. Guggenheim assumed coverage on Itron in a report on Tuesday, June 20th. They set a buy rating and a $81.00 price target for the company. Zacks Investment Research upgraded shares of Itron from a hold rating to a buy rating and set a $72.00 price target for the company in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of Itron from a strong-buy rating to a buy rating in a research report on Thursday, June 22nd. Canaccord Genuity reiterated a buy rating and issued a $72.00 price target on shares of Itron in a research report on Friday, May 26th. Finally, Cowen and Company set a $60.00 price objective on shares of Itron and gave the company a hold rating in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $75.00.

Itron (NASDAQ ITRI) opened at 72.50 on Wednesday. The stock has a market cap of $2.80 billion, a P/E ratio of 75.36 and a beta of 1.08. Itron has a 52 week low of $40.53 and a 52 week high of $75.60. The firm has a 50-day moving average price of $70.14 and a 200-day moving average price of $64.89.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Wednesday, May 3rd. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The company had revenue of $477.59 million during the quarter, compared to analysts’ expectations of $454.20 million. Itron had a return on equity of 15.51% and a net margin of 1.88%. On average, equities research analysts predict that Itron will post $3.02 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. FMR LLC bought a new position in shares of Itron during the fourth quarter valued at $1,412,000. Guggenheim Capital LLC bought a new position in shares of Itron during the fourth quarter valued at $1,316,000. AQR Capital Management LLC raised its position in shares of Itron by 11.1% in the fourth quarter. AQR Capital Management LLC now owns 14,514 shares of the scientific and technical instruments company’s stock valued at $912,000 after buying an additional 1,450 shares in the last quarter. Norges Bank bought a new position in shares of Itron during the fourth quarter valued at $15,064,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of Itron by 0.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 748,336 shares of the scientific and technical instruments company’s stock valued at $47,033,000 after buying an additional 3,491 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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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