Itron Stock Rating Reaffirmed by Macquarie (ITRI)
Itron (NASDAQ:ITRI)‘s stock had its “neutral” rating restated by analysts at Macquarie in a research report issued to clients and investors on Wednesday. They currently have a $35.00 price target on the stock, up from their previous price target of $32.00. Macquarie’s price objective suggests a potential downside of 11.46% from the stock’s previous close.
ITRI has been the subject of a number of other recent research reports. Analysts at Brean Capital upgraded shares of Itron from a “sell” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at Bank of America downgraded shares of Itron from a “buy” rating to an “underperform” rating in a research note on Monday, July 21st. They now have a $39.00 price target on the stock, down previously from $40.00. They noted that the move was a valuation call. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Itron in a research note on Wednesday, May 28th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.00.
Itron (NASDAQ:ITRI) traded up 8.19% during mid-day trading on Wednesday, hitting $39.38. 1,187,277 shares of the company’s stock traded hands. Itron has a 1-year low of $32.30 and a 1-year high of $46.09. The stock has a 50-day moving average of $39.40 and a 200-day moving average of $37.84. The company’s market cap is $1.549 billion.
Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, August 5th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.18. The company had revenue of $489.00 million for the quarter, compared to the consensus estimate of $465.61 million. During the same quarter last year, the company posted $0.58 earnings per share. Itron’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Itron will post $1.60 earnings per share for the current fiscal year.
Itron, Inc (NASDAQ:ITRI) is a technology and services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.