Several analysts have recently updated their ratings and price targets for Itron (NASDAQ: ITRI):

  • 9/12/2017 – Itron had its “buy” rating reaffirmed by analysts at Argus. They now have a $80.00 price target on the stock, up previously from $78.00.
  • 9/12/2017 – Itron was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Itron’s sales guidance range of 2017 depicts a year over year growth of 1.6% at the midpoint, reflecting sound business performance and the addition of distributed energy management solutions to its platform. The company continues to focus on expanding portfolio of outcome-based solutions, utilizing the power of the OpenWay Riva platform. Its restructuring projects will help in reducing costs and boost manufacturing flexibility. Moreover, the Comverge buyout, strong bookings and backlog, and new projects will drive growth. Itron's estimates have been undergoing positive revisions lately. The company has a positive record of earnings surprises in recent quarters. However, Itron‘s liquidity could be affected by the stability of electricity, gas, and water industries and competitive pressures. Elevated expenses and fluctuation in currency rates may mar income in the near term. The stock underperformed the industry over the past year.”
  • 9/12/2017 – Itron had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $77.00 price target on the stock.
  • 9/11/2017 – Itron was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Itron’s sales guidance range of 2017 depicts a year over year growth of 1.6% at the midpoint, reflecting sound business performance and the addition of distributed energy management solutions to its platform. Its favorable mix of business, in addition to operational efficiencies and greater day-to-day business discipline, will drive earnings growth. Itron continues to focus on expanding its portfolio of outcome-based solutions, aimed at higher growth opportunities utilizing the power of the OpenWay Riva platform. The company’s restructuring projects will help in reducing costs and increase manufacturing flexibility. Moreover, the Comverge acquisition, strong bookings and backlog, and new projects are anticipated to fuel growth. The company outperformed the industry over the past six months. The company has a positive record of earnings surprises in the last few quarters. Its estimates have also gone up lately. “
  • 9/4/2017 – Itron was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Itron expects revenues to be between $2.03 billion and $2.06 billion, and adjusted earnings per share between $2.95 and $3.15 for 2017. Its favorable mix of business, in addition to operational efficiencies and greater day-to-day business discipline, will drive earnings growth. Itron continues to focus on expanding its portfolio of outcome-based solutions, aimed at higher growth opportunities utilizing the power of the OpenWay Riva platform. The company’s restructuring projects will help in reducing costs and increase manufacturing flexibility. Moreover, the Comverge acquisition, strong bookings and backlog, and new projects are anticipated to fuel growth. The company outperformed the industry over the past six months. The company has a positive record of earnings surprises in the last few quarters. Its estimates have also gone up lately. “
  • 9/1/2017 – Itron was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Itron expects revenues to be between $2.03 million and $2.06 billion and adjusted earnings per share between $2.95 and $3.15 for the full year. Itron continues to focus on expanding its portfolio of outcome-based solutions, aimed at higher growth opportunities utilizing the power of the OpenWay Riva platform. The company’s restructuring projects will help in reducing costs and increase manufacturing flexibility. Moreover, the Comverge acquisition, strong bookings and backlog, and new projects are anticipated to fuel growth. However, Itron‘s liquidity could be affected by the stability of  electricity, gas, and water industries and competitive pressures. Elevated expenses and fluctuation in currency rates may mar income in the near term. The company underperformed the industry over the past year. “
  • 8/28/2017 – Itron was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Itron expects revenues to be between $2.03 million and $2.06 billion, and adjusted earnings per share between $2.95 and $3.15 for the 2017. Its favorable mix of business, in addition to operational efficiencies and greater day-to-day business discipline, will drive earnings growth. Itron continues to focus on expanding its portfolio of outcome-based solutions, aimed at higher growth opportunities utilizing the power of the OpenWay Riva platform. The company’s restructuring projects will help in reducing costs and increase manufacturing flexibility. Moreover, the Comverge acquisition, strong bookings and backlog, and new projects are anticipated to fuel growth. The company outperformed the industry over the past year.”
  • 8/25/2017 – Itron was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Itron expects revenues to be between $2.03 million and $2.06 billion, and adjusted earnings per share between $2.95 and $3.15 for the full year. Itron continues to focus on expanding its portfolio of outcome-based solutions, aimed at higher growth opportunities utilizing the power of the OpenWay Riva platform. The company’s restructuring projects will help in reducing costs and increase manufacturing flexibility. Moreover, the Comverge acquisition, strong bookings and backlog, and new projects are anticipated to fuel growth. The company outperformed the industry over the past year. However, Itron‘s liquidity could be affected by the stability of  electricity, gas, and water industries and competitive pressures. Elevated expenses and fluctuation in currency rates may mar income in the near term.”
  • 8/4/2017 – Itron had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $78.00 price target on the stock, up previously from $75.00.
  • 8/3/2017 – Itron was given a new $74.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 8/3/2017 – Itron had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $84.00 price target on the stock, up previously from $74.00.
  • 7/27/2017 – Itron was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/26/2017 – Itron was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $77.00 price target on the stock, up previously from $73.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/21/2017 – Itron was given a new $60.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.

Shares of Itron, Inc. (NASDAQ:ITRI) traded up 2.40% during trading on Monday, reaching $74.55. 495,344 shares of the company traded hands. The firm has a market capitalization of $2.89 billion, a PE ratio of 92.26 and a beta of 1.08. The firm has a 50-day moving average price of $72.28 and a 200-day moving average price of $67.16. Itron, Inc. has a 12 month low of $51.55 and a 12 month high of $77.40.

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

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.

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