Shares of Itron, Inc. (NASDAQ:ITRI – Get Free Report) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $119.67.
A number of equities research analysts recently weighed in on ITRI shares. BNP Paribas began coverage on shares of Itron in a research note on Thursday, September 5th. They issued an “outperform” rating and a $133.00 target price on the stock. Guggenheim raised shares of Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Thursday, July 11th. Robert W. Baird raised their price target on Itron from $115.00 to $123.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Janney Montgomery Scott began coverage on shares of Itron in a research report on Friday, September 27th. They set a “buy” rating and a $131.00 price target on the stock. Finally, Stephens restated an “equal weight” rating and issued a $110.00 price objective on shares of Itron in a report on Monday, August 5th.
Read Our Latest Report on Itron
Insiders Place Their Bets
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Itron in the 1st quarter worth $2,002,000. Commonwealth Equity Services LLC purchased a new position in shares of Itron during the 1st quarter valued at about $1,076,000. Jupiter Asset Management Ltd. bought a new position in shares of Itron during the 1st quarter valued at approximately $2,029,000. Sculptor Capital LP purchased a new stake in Itron in the 2nd quarter worth approximately $5,255,000. Finally, UniSuper Management Pty Ltd bought a new stake in Itron during the 1st quarter worth approximately $904,000. Institutional investors own 96.19% of the company’s stock.
Itron Price Performance
Shares of NASDAQ:ITRI opened at $108.30 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.16 and a quick ratio of 2.61. Itron has a one year low of $56.11 and a one year high of $113.07. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 0.91 and a beta of 1.47. The firm has a 50 day simple moving average of $101.49 and a 200 day simple moving average of $101.03.
Itron (NASDAQ:ITRI – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.25. The company had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. Itron had a net margin of 7.98% and a return on equity of 16.42%. Itron’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. Research analysts predict that Itron will post 4.58 earnings per share for the current fiscal year.
Itron Company Profile
Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.
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