Itron, Inc. (NASDAQ:ITRI) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued research reports about the company. Guggenheim assumed coverage on Itron in a research note on Tuesday. They issued a “buy” rating and a $81.00 price objective for the company. Canaccord Genuity reaffirmed a “buy” rating and set a $72.00 target price on shares of Itron in a research report on Friday, May 26th. Zacks Investment Research cut Itron from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. JMP Securities began coverage on Itron in a research report on Thursday, March 9th. They set an “outperform” rating and a $75.00 target price on the stock. Finally, TheStreet raised Itron from a “c+” rating to a “b+” rating in a research report on Tuesday, February 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Itron presently has a consensus rating of “Buy” and a consensus target price of $70.88.

Analyst Recommendations for Itron (NASDAQ:ITRI)

Itron (NASDAQ ITRI) traded up 1.69% during midday trading on Thursday, reaching $69.05. The company’s stock had a trading volume of 124,378 shares. The firm has a market cap of $2.67 billion, a P/E ratio of 71.78 and a beta of 1.15. The firm has a 50 day moving average of $67.29 and a 200 day moving average of $63.68. Itron has a 52-week low of $40.12 and a 52-week high of $71.95.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Wednesday, May 3rd. The scientific and technical instruments company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. Itron had a return on equity of 15.51% and a net margin of 1.88%. The firm had revenue of $477.59 million during the quarter, compared to analysts’ expectations of $454.20 million. Analysts anticipate that Itron will post $3.02 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Itron, Inc. (ITRI) Rating Lowered to Buy at BidaskClub” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/06/22/itron-inc-itri-rating-lowered-to-buy-at-bidaskclub.html.

Several hedge funds and other institutional investors have recently made changes to their positions in ITRI. Perigon Wealth Management LLC boosted its position in shares of Itron by 7.9% in the first quarter. Perigon Wealth Management LLC now owns 10,610 shares of the scientific and technical instruments company’s stock valued at $644,000 after buying an additional 780 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Itron by 6.3% in the first quarter. Public Employees Retirement System of Ohio now owns 80,124 shares of the scientific and technical instruments company’s stock valued at $4,864,000 after buying an additional 4,760 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Itron by 36.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 34,587 shares of the scientific and technical instruments company’s stock valued at $2,100,000 after buying an additional 9,271 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Itron by 5.9% in the first quarter. HighTower Advisors LLC now owns 3,845 shares of the scientific and technical instruments company’s stock valued at $234,000 after buying an additional 214 shares during the last quarter. Finally, Credit Suisse AG boosted its position in shares of Itron by 25.0% in the first quarter. Credit Suisse AG now owns 106,811 shares of the scientific and technical instruments company’s stock valued at $6,483,000 after buying an additional 21,368 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors.

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.

Receive News & Ratings for Itron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.