Itron (NASDAQ:ITRI) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
A number of other analysts have also weighed in on ITRI. Zacks Investment Research lowered shares of Itron from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. UBS Group began coverage on shares of Itron in a research note on Tuesday, January 2nd. They issued a “strong-buy” rating and a $84.00 price objective for the company. Canaccord Genuity reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Itron in a research note on Wednesday, December 27th. Raymond James Financial began coverage on shares of Itron in a research note on Tuesday, January 2nd. They issued a “strong-buy” rating and a $84.00 price objective for the company. Finally, Argus lowered shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $82.18.
Itron (NASDAQ ITRI) opened at $74.80 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38. The company has a market cap of $2,896.63, a PE ratio of 27.40, a PEG ratio of 1.08 and a beta of 1.00. Itron has a 1-year low of $57.80 and a 1-year high of $79.95.
Itron (NASDAQ:ITRI) last released its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.12). Itron had a return on equity of 14.84% and a net margin of 3.42%. The business had revenue of $486.75 million during the quarter, compared to analysts’ expectations of $526.55 million. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. research analysts predict that Itron will post 2.99 EPS for the current year.
In other Itron news, COO Thomas Deitrich sold 11,899 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $69.27, for a total transaction of $824,243.73. Following the completion of the sale, the chief operating officer now directly owns 82,776 shares of the company’s stock, valued at $5,733,893.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Scopia Capital Management Lp purchased 541,753 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were purchased at an average cost of $69.44 per share, with a total value of $37,619,328.32. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 750,261 shares of company stock valued at $51,839,736. Insiders own 2.03% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its position in shares of Itron by 6.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the scientific and technical instruments company’s stock valued at $1,003,000 after buying an additional 900 shares during the last quarter. National Investment Services Inc. WI purchased a new stake in shares of Itron during the fourth quarter valued at about $296,000. AXA lifted its position in shares of Itron by 3.8% during the third quarter. AXA now owns 98,900 shares of the scientific and technical instruments company’s stock valued at $7,660,000 after buying an additional 3,600 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new stake in shares of Itron during the third quarter valued at about $733,000. Finally, Neuberger Berman Group LLC lifted its position in shares of Itron by 13.5% during the third quarter. Neuberger Berman Group LLC now owns 688,848 shares of the scientific and technical instruments company’s stock valued at $53,351,000 after buying an additional 82,196 shares during the last quarter. 93.54% of the stock is owned by institutional investors and hedge funds.
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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