Shares of Itron, Inc. (NASDAQ:ITRI) have received an average rating of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $80.00.

A number of equities research analysts have commented on the company. Cowen and Company set a $60.00 price objective on Itron and gave the company a “hold” rating in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $78.00 price objective (up previously from $75.00) on shares of Itron in a research note on Friday. Robert W. Baird reissued an “outperform” rating and issued a $73.00 price objective on shares of Itron in a research note on Thursday, July 13th. BidaskClub cut Itron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Guggenheim assumed coverage on Itron in a research note on Tuesday, June 20th. They issued a “buy” rating and a $81.00 price objective for the company.

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Several hedge funds and other institutional investors have recently made changes to their positions in ITRI. LS Investment Advisors LLC boosted its position in shares of Itron by 56.2% in the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 681 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Itron by 1.5% in 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. Envestnet Asset Management Inc. boosted its position in shares of Itron by 21.7% in 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. Ameritas Investment Partners Inc. bought a new position in shares of Itron during the first quarter valued at about $175,000. Finally, Everence Capital Management Inc. bought a new position in shares of Itron during the second quarter valued at about $213,000. 94.63% of the stock is currently owned by institutional investors.

Shares of Itron (NASDAQ ITRI) remained flat at $73.05 during trading on Friday. 242,589 shares of the company traded hands. The firm’s 50-day moving average price is $70.53 and its 200-day moving average price is $65.22. The stock has a market capitalization of $2.83 billion, a PE ratio of 90.41 and a beta of 1.10. Itron has a 12-month low of $40.53 and a 12-month high of $75.60.

Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The business had revenue of $503.10 million during the quarter, compared to the consensus estimate of $491.80 million. Itron had a return on equity of 15.43% and a net margin of 1.60%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. On average, equities research analysts predict that Itron will post $3.07 EPS for the current fiscal year.

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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