Itron, Inc. (NASDAQ:ITRI) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $75.57.

Several equities research analysts recently commented on ITRI shares. Zacks Investment Research reissued a “hold” rating on shares of Itron in a report on Tuesday, November 13th. BidaskClub raised Itron from a “strong sell” rating to a “sell” rating in a report on Thursday. Needham & Company LLC decreased their price objective on Itron to $75.00 and set a “buy” rating for the company in a report on Wednesday, January 23rd. Guggenheim began coverage on Itron in a research report on Monday, December 3rd. They issued a “buy” rating and a $70.00 price objective for the company. Finally, JMP Securities set a $80.00 price target on Itron and gave the company a “buy” rating in a research report on Tuesday, November 6th.

NASDAQ ITRI traded up $0.57 during trading on Wednesday, reaching $57.73. 6,541 shares of the company’s stock traded hands, compared to its average volume of 216,667. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.07 and a current ratio of 1.41. Itron has a 12-month low of $44.35 and a 12-month high of $77.40.

In other Itron news, Director Gary E. Pruitt purchased 10,000 shares of Itron stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average price of $52.73 per share, for a total transaction of $527,300.00. Following the completion of the acquisition, the director now owns 31,305 shares of the company’s stock, valued at approximately $1,650,712.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Scopia Capital Management Lp sold 18,859 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $52.30, for a total value of $986,325.70. The disclosure for this sale can be found here. Insiders sold a total of 151,081 shares of company stock worth $8,025,429 over the last 90 days. 2.32% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Itron by 1.2% in the third quarter. BlackRock Inc. now owns 5,114,960 shares of the scientific and technical instruments company’s stock worth $328,380,000 after purchasing an additional 58,386 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Itron by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,407,421 shares of the scientific and technical instruments company’s stock worth $218,756,000 after purchasing an additional 73,730 shares during the last quarter. Vanguard Group Inc boosted its holdings in Itron by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 3,407,421 shares of the scientific and technical instruments company’s stock worth $218,756,000 after buying an additional 73,730 shares during the period. Bank of New York Mellon Corp boosted its holdings in Itron by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,156,253 shares of the scientific and technical instruments company’s stock worth $69,432,000 after buying an additional 22,218 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its holdings in Itron by 2.5% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 803,949 shares of the scientific and technical instruments company’s stock valued at $51,614,000 after purchasing an additional 19,962 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.

About Itron

Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.

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Analyst Recommendations for Itron (NASDAQ:ITRI)

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