Itron, Inc. (NASDAQ:ITRI) has received an average rating of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $80.00.

Several equities analysts have issued reports on ITRI shares. Canaccord Genuity lowered shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 price target on the stock. in a report on Tuesday, September 19th. Zacks Investment Research raised shares of Itron from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Monday, September 18th. BidaskClub raised shares of Itron from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $77.00 price target on shares of Itron in a report on Tuesday, September 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price target (up from $74.00) on shares of Itron in a report on Thursday, August 3rd.

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Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of 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 valued at $109,000 after buying an additional 31 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of Itron by 56.2% during 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. Pacad Investment Ltd. grew its holdings in shares of 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 valued at $115,000 after buying an additional 300 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of 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 valued at $142,000 after buying an additional 897 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Itron by 1.5% during 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. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Itron (NASDAQ ITRI) opened at 76.60 on Friday. Itron has a 52 week low of $51.55 and a 52 week high of $77.40. The firm has a market cap of $2.96 billion, a PE ratio of 94.80 and a beta of 1.08. The stock has a 50 day moving average price of $72.49 and a 200 day moving average price of $67.47.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The company had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. Itron’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Equities analysts expect that Itron will post $3.07 earnings per share for the current 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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