Itron, Inc. (NASDAQ:ITRI) has been assigned a consensus rating of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $71.57.

A number of analysts recently issued reports on the company. Canaccord Genuity reissued a “buy” rating and set a $78.00 price objective on shares of Itron in a report on Friday. Robert W. Baird reissued an “outperform” rating and set a $73.00 price objective on shares of Itron in a report on Thursday. BidaskClub raised Itron from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Guggenheim assumed coverage on Itron in a report on Tuesday, June 20th. They set a “buy” rating and a $81.00 price objective on the stock. Finally, Zacks Investment Research cut Itron from a “buy” rating to a “hold” rating in a report on Thursday, May 18th.

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A number of institutional investors have recently made changes to their positions in ITRI. LS Investment Advisors LLC raised its position in shares of Itron by 56.2% in the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 681 shares in the last quarter. SG Americas Securities LLC raised its position 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 in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Itron by 21.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 444 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Itron during the first quarter worth $175,000. Finally, State of Alaska Department of Revenue raised its position 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 in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Shares of Itron (NASDAQ:ITRI) traded up 0.21% on Tuesday, hitting $70.85. The company had a trading volume of 119,154 shares. The company has a 50 day moving average price of $67.99 and a 200 day moving average price of $63.90. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 73.65 and a beta of 1.08. Itron has a 1-year low of $40.53 and a 1-year high of $71.95.

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

About Itron

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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