Argus downgraded shares of Itron (NASDAQ:ITRI) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Itron from a hold rating to a sell rating in a report on Monday, November 6th. Needham & Company LLC reaffirmed a buy rating and issued a $84.00 price objective on shares of Itron in a report on Friday, November 3rd. JMP Securities set a $102.00 price objective on shares of Itron and gave the stock a buy rating in a report on Thursday, October 12th. Canaccord Genuity reaffirmed a hold rating and issued a $78.00 price objective on shares of Itron in a report on Friday, October 6th. Finally, Robert W. Baird reaffirmed a hold rating and issued a $77.00 price objective on shares of Itron in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $81.78.

Itron (NASDAQ:ITRI) traded down $1.35 during trading on Wednesday, hitting $63.90. 298,700 shares of the stock were exchanged, compared to its average volume of 197,655. Itron has a 1 year low of $57.80 and a 1 year high of $79.95. The company has a market cap of $2,526.82, a P/E ratio of 23.90, a P/E/G ratio of 1.04 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 released its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.12). The business had revenue of $486.75 million during the quarter, compared to the consensus estimate of $526.55 million. Itron had a return on equity of 14.84% and a net margin of 3.42%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. research analysts expect that Itron will post 2.99 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in Itron by 2.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 31 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in Itron by 0.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 23,807 shares of the scientific and technical instruments company’s stock worth $1,613,000 after purchasing an additional 61 shares in the last quarter. Systematic Financial Management LP lifted its stake in Itron by 0.5% in the 2nd quarter. Systematic Financial Management LP now owns 26,495 shares of the scientific and technical instruments company’s stock worth $1,795,000 after purchasing an additional 120 shares in the last quarter. Aperio Group LLC lifted its stake in Itron by 0.4% in the 2nd quarter. Aperio Group LLC now owns 32,749 shares of the scientific and technical instruments company’s stock worth $2,219,000 after purchasing an additional 143 shares in the last quarter. Finally, CWH Capital Management Inc. lifted its stake in Itron by 4.5% in the 2nd quarter. CWH Capital Management Inc. now owns 4,690 shares of the scientific and technical instruments company’s stock worth $318,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

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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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