Shares of Itron Inc. (NASDAQ:ITRI) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $54.71.

A number of research firms have issued reports on ITRI. Zacks Investment Research raised Itron from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research note on Friday, September 9th. TheStreet raised Itron from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Robert W. Baird reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Itron in a research report on Saturday, August 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $61.00 price objective (up from $57.00) on shares of Itron in a research report on Monday, October 3rd. Finally, Needham & Company LLC upped their price objective on Itron from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, September 2nd.

Itron (NASDAQ:ITRI) traded up 0.68% during mid-day trading on Tuesday, reaching $55.00. The company’s stock had a trading volume of 104,927 shares. The stock has a market cap of $2.10 billion, a PE ratio of 41.11 and a beta of 1.43. The company has a 50 day moving average of $54.20 and a 200-day moving average of $45.93. Itron has a 52-week low of $29.02 and a 52-week high of $57.25.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, September 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.22. Itron had a return on equity of 10.94% and a net margin of 2.62%. The firm earned $513.02 million during the quarter. During the same period in the previous year, the firm posted ($0.39) earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Equities analysts forecast that Itron will post $2.37 earnings per share for the current year.

In related news, Director Thomas S. Glanville sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $53.15, for a total transaction of $212,600.00. Following the sale, the director now owns 20,783 shares in the company, valued at $1,104,616.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas S. Glanville sold 1,226 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $56.50, for a total value of $69,269.00. Following the sale, the director now owns 18,453 shares in the company, valued at approximately $1,042,594.50. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. PineBridge Investments L.P. raised its stake in Itron by 3.8% in the second quarter. PineBridge Investments L.P. now owns 4,806 shares of the company’s stock valued at $207,000 after buying an additional 175 shares during the last quarter. Arizona State Retirement System raised its stake in Itron by 1.0% in the second quarter. Arizona State Retirement System now owns 19,634 shares of the company’s stock valued at $846,000 after buying an additional 200 shares in the last quarter. Capstone Asset Management Co. raised its stake in Itron by 2.2% in the second quarter. Capstone Asset Management Co. now owns 11,586 shares of the company’s stock valued at $499,000 after buying an additional 250 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Itron by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 5,048 shares of the company’s stock valued at $218,000 after buying an additional 377 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Itron by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 31,388 shares of the company’s stock valued at $1,353,000 after buying an additional 378 shares in the last quarter. Institutional investors and hedge funds own 96.90% 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. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.

5 Day Chart for NASDAQ:ITRI

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