Itron, Inc. (NASDAQ:ITRI) has received an average rating of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $81.75.

ITRI has been the subject of several recent analyst reports. Canaccord Genuity downgraded shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 target price for the company. in a research note on Tuesday, September 19th. Robert W. Baird reiterated a “hold” rating and issued a $77.00 target price on shares of Itron in a research note on Tuesday, September 12th. JMP Securities set a $102.00 target price on shares of Itron and gave the company a “buy” rating in a research note on Thursday, October 12th. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of Itron in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Friday, August 25th.

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position 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 worth $109,000 after acquiring an additional 31 shares during the last quarter. Pacad Investment Ltd. lifted its position 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 worth $115,000 after acquiring an additional 300 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Itron during the third quarter worth approximately $152,000. Riverhead Capital Management LLC lifted its position 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 worth $142,000 after acquiring an additional 897 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Itron during the third quarter worth approximately $221,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Shares of Itron (NASDAQ:ITRI) opened at $66.65 on Monday. Itron has a one year low of $57.80 and a one year high of $79.95. The stock has a market cap of $2,581.03, a PE ratio of 24.41, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38.

Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.12). Itron had a net margin of 3.42% and a return on equity of 14.84%. The firm had revenue of $486.75 million during the quarter, compared to analyst estimates of $526.55 million. During the same quarter last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. equities analysts predict that Itron will post 2.99 earnings per share for the current fiscal year.

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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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