Itron, Inc. (NASDAQ:ITRI)‘s stock had its “hold” rating reiterated by research analysts at Robert W. Baird in a research report issued on Tuesday. They presently have a $77.00 price target on the scientific and technical instruments company’s stock. Robert W. Baird’s price target indicates a potential upside of 6.94% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price target (up previously from $74.00) on shares of Itron in a report on Thursday, August 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $78.00 price target on shares of Itron in a report on Friday, July 14th. JMP Securities set a $88.00 price target on shares of Itron and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, Guggenheim initiated coverage on shares of Itron in a report on Tuesday, June 20th. They issued a “buy” rating and a $81.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.11.

Shares of Itron (NASDAQ:ITRI) traded down 0.48% during trading on Tuesday, hitting $72.00. The stock had a trading volume of 157,356 shares. The firm’s 50 day moving average is $72.34 and its 200 day moving average is $66.99. Itron has a 1-year low of $51.55 and a 1-year high of $75.60. The company has a market cap of $2.79 billion, a PE ratio of 89.11 and a beta of 1.08.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. The firm had revenue of $503.10 million for the quarter, compared to analysts’ expectations of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Equities research analysts anticipate that Itron will post $3.07 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/12/robert-w-baird-reaffirms-hold-rating-for-itron-inc-itri.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG increased its stake in 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 acquiring an additional 21,368 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new position in Itron in the second quarter valued at $4,743,000. Bank of New York Mellon Corp increased its stake in Itron by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 461,181 shares of the scientific and technical instruments company’s stock valued at $27,995,000 after acquiring an additional 18,598 shares during the last quarter. Redwood Investments LLC bought a new position in Itron in the first quarter valued at $6,923,000. Finally, HighTower Advisors LLC increased its stake in 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 acquiring an additional 214 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Stock 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 stocks with our FREE daily email newsletter.