Itron, Inc. (ITRI) Receives Hold Rating from Robert W. Baird

Robert W. Baird reiterated their hold rating on shares of Itron, Inc. (NASDAQ:ITRI) in a report published on Tuesday morning. Robert W. Baird currently has a $77.00 price target on the scientific and technical instruments company’s stock.

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

Itron (ITRI) opened at 72.00 on Tuesday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 89.11 and a beta of 1.08. Itron has a one year low of $51.55 and a one year high of $75.60. The stock’s 50 day moving average price is $72.34 and its 200-day moving average price is $66.99.

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

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Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Itron by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 31 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Itron by 1.5% during 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 acquiring an additional 36 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Itron by 0.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 10,810 shares of the scientific and technical instruments company’s stock worth $656,000 after acquiring an additional 60 shares during the last quarter. Hanseatic Management Services Inc. raised its position in shares of Itron by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 23,807 shares of the scientific and technical instruments company’s stock worth $1,613,000 after acquiring an additional 61 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Itron by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the scientific and technical instruments company’s stock worth $928,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

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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