Itron, Inc. (NASDAQ:ITRI)‘s stock had its “buy” rating reissued by Argus in a report issued on Tuesday. They currently have a $80.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $78.00. Argus’ target price points to a potential upside of 11.11% from the stock’s previous close.
ITRI has been the topic of a number of other research reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $78.00 price target (up previously from $75.00) on shares of Itron in a report on Friday, August 4th. BidaskClub lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Itron from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Monday. Cowen and Company set a $74.00 price target on shares of Itron and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a $78.00 price target on shares of Itron in a report on Friday, July 14th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Itron currently has an average rating of “Buy” and a consensus target price of $80.11.
Shares of Itron (NASDAQ ITRI) traded up 0.07% on Tuesday, hitting $72.05. 63,369 shares of the stock were exchanged. The firm’s 50-day moving average is $72.33 and its 200-day moving average is $67.04. Itron has a one year low of $51.55 and a one year high of $75.60. The company has a market cap of $2.79 billion, a P/E ratio of 89.17 and a beta of 1.08.
Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Itron had a net margin of 1.60% and a return on equity of 15.43%. The business had revenue of $503.10 million for the quarter, compared to the consensus estimate of $491.80 million. During the same period in the previous year, the firm earned $0.65 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Itron will post $3.07 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in ITRI. PNC Financial Services Group Inc. increased 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 valued at $109,000 after buying an additional 31 shares during the period. LS Investment Advisors LLC increased its stake in Itron by 56.2% in the 1st 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 period. Pacad Investment Ltd. increased its stake in Itron by 21.4% in the 2nd 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 period. Riverhead Capital Management LLC increased its stake in Itron by 74.8% in the 2nd 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 period. Finally, SG Americas Securities LLC increased its stake in Itron by 1.5% in the 1st 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 period. Hedge funds and other institutional investors own 93.81% of the company’s stock.
Itron Company Profile
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.
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