Itron, Inc. (NASDAQ:ITRI)‘s stock had its “hold” rating reiterated by equities researchers at Cowen and Company in a research report issued on Friday. They presently have a $60.00 target price on the scientific and technical instruments company’s stock. Cowen and Company’s target price would suggest a potential downside of 18.48% from the stock’s current price.

Several other brokerages have also issued reports on ITRI. JMP Securities set a $88.00 price target on shares of Itron and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Itron from a “sell” rating to a “hold” rating in a research report on Monday. Canaccord Genuity reissued a “buy” rating and set a $78.00 price objective on shares of Itron in a research report on Friday, July 14th. Robert W. Baird reissued an “outperform” rating and set a $73.00 price objective on shares of Itron in a research report on Thursday, July 13th. Finally, BidaskClub raised shares of Itron from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $74.50.

Shares of Itron (ITRI) traded down 0.74% on Friday, hitting $73.60. 254,891 shares of the stock were exchanged. Itron has a 12 month low of $40.53 and a 12 month high of $75.60. The company has a market cap of $2.84 billion, a PE ratio of 76.51 and a beta of 1.08. The company has a 50-day moving average price of $69.50 and a 200 day moving average price of $64.49.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Wednesday, May 3rd. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The company had revenue of $477.59 million during the quarter, compared to analyst estimates of $454.20 million. Itron had a net margin of 1.88% and a return on equity of 15.51%. Equities analysts forecast that Itron will post $3.02 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in ITRI. SG Americas Securities LLC increased its stake in shares of Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Itron by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,810 shares of the scientific and technical instruments company’s stock worth $656,000 after buying an additional 60 shares during the last quarter. I.G. Investment Management LTD. increased its stake in shares of Itron by 0.3% in the fourth quarter. I.G. Investment Management LTD. now owns 27,939 shares of the scientific and technical instruments company’s stock worth $1,011,000 after buying an additional 73 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 80 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Itron by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the scientific and technical instruments company’s stock worth $928,000 after buying an additional 100 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Itron (NASDAQ:ITRI)

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