Shares of Itron, Inc. (NASDAQ:ITRI) have been given a consensus recommendation of “Buy” by the fourteen brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $84.89.
ITRI has been the topic of several analyst reports. Argus lowered shares of Itron from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. BidaskClub raised shares of Itron from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Canaccord Genuity reaffirmed a “hold” rating and issued a $78.00 target price on shares of Itron in a report on Wednesday, December 27th. UBS began coverage on shares of Itron in a report on Tuesday, January 2nd. They issued a “strong-buy” rating and a $84.00 target price on the stock. Finally, Raymond James Financial began coverage on shares of Itron in a research report on Tuesday, January 2nd. They set a “strong-buy” rating and a $84.00 price target on the stock.
In other Itron news, CEO Philip Mezey sold 3,330 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $68.30, for a total transaction of $227,439.00. Following the transaction, the chief executive officer now directly owns 54,327 shares in the company, valued at approximately $3,710,534.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Scopia Capital Management Lp bought 21,829 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were acquired at an average price of $67.91 per share, for a total transaction of $1,482,407.39. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 78,750 shares of company stock worth $5,368,520 and have sold 16,708 shares worth $1,187,652. 2.03% of the stock is owned by corporate insiders.
ITRI stock traded up $0.15 on Friday, hitting $71.45. 130,520 shares of the stock traded hands, compared to its average volume of 275,919. The company has a current ratio of 1.67, a quick ratio of 1.29 and a debt-to-equity ratio of 0.74. Itron has a fifty-two week low of $59.10 and a fifty-two week high of $79.95. The company has a market cap of $2,831.24, a price-to-earnings ratio of 48.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.03.
Itron (NASDAQ:ITRI) last posted its earnings results on Wednesday, February 28th. The scientific and technical instruments company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.08. Itron had a net margin of 2.84% and a return on equity of 15.84%. The business had revenue of $550.78 million for the quarter, compared to analyst estimates of $532.61 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. sell-side analysts predict that Itron will post 3.05 EPS for the current fiscal year.
Itron Company Profile
Itron, Inc is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. 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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