Itron Inc. (NASDAQ:ITRI) hit a new 52-week high on Tuesday . The company traded as high as $48.73 and last traded at $48.32, with a volume of 28,567 shares trading hands. The stock had previously closed at $48.12.

Several equities research analysts have recently commented on the company. Canaccord Genuity restated a “buy” rating on shares of Itron in a research note on Wednesday, May 4th. Zacks Investment Research upgraded Itron from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, May 19th. TheStreet lowered Itron from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Robert W. Baird restated an “outperform” rating and issued a $47.00 price objective on shares of Itron in a research note on Saturday, August 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Itron has a consensus rating of “Buy” and an average target price of $45.14.

The firm has a market capitalization of $1.85 billion and a price-to-earnings ratio of 107.64. The stock has a 50 day moving average price of $44.54 and a 200 day moving average price of $42.22.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, August 11th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.12. During the same quarter last year, the business posted $0.20 EPS. The firm earned $498 million during the quarter, compared to analyst estimates of $446.75 million. The firm’s revenue was up 11.4% on a year-over-year basis. Equities research analysts expect that Itron Inc. will post $2.17 earnings per share for the current fiscal year.

In other news, Chairman Jon E. Eliassen sold 2,000 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $45.00, for a total value of $90,000.00. Following the completion of the sale, the chairman now owns 17,492 shares in the company, valued at approximately $787,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

An institutional investor recently raised its position in Itron stock. KBC Group NV boosted its stake in Itron Inc. (NASDAQ:ITRI) by 85.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 117,635 shares of the company’s stock after buying an additional 54,115 shares during the period. KBC Group NV owned 0.31% of Itron worth $4,256,000 at the end of the most recent quarter.

Itron, Inc (Itron) is a technology and service company, offering metering solutions to electric, natural gas, and water utilities around the world. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates in three segments: Electricity, which is the is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems; Gas, which is the supplier of gas metering solutions, including standard meters and advanced and smart metering systems, and Water, which is the supplier of standard and advanced water meters and communication modules.

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