Itron (ITRI) – Analysts’ Weekly Ratings Updates

Itron (NASDAQ: ITRI) recently received a number of ratings updates from brokerages and research firms:

  • 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 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.
  • 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.
  • 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.
  • 7/18/2017 – Itron was given a new $88.00 price target on by analysts at JMP Securities. They now have a “buy” rating on the stock.
  • 7/17/2017 – Itron was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Itron is likely to benefit from consistent focus on restructuring strategy, product development, and strong bookings and backlog position. The company anticipates that its investment in the OpenWay Riva IoT solution, and differentiated software and services offerings, combined with ongoing operational discipline, will drive financial results. Itron's recent acquisition of Comverge will enable it to offer a unique solution for utilities to better integrate their distributed energy resources, and optimize grid performance and reliability. Further, strong cash flow position and new projects will prove conducive to growth. Moreover, Itron has outperformed the Zacks categorized Electrical Test Equipment sub industry over the past one year. However, Itron’s performance will be hurt by fluctuation in currency rates. Higher expenses and increased competition also pose challenges for the company in the near term.”
  • 7/14/2017 – Itron had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $78.00 price target on the stock.
  • 7/13/2017 – Itron had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $73.00 price target on the stock.
  • 7/12/2017 – Itron was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/11/2017 – Itron was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Itron will continue to face temporary redundant costs in product development, and general & administrative expenses while executing its restructuring plans. Further, Itron‘s liquidity could be affected by the stability of the electricity, gas, and water industries, competitive pressures, changes in estimated liabilities for product warranties and litigation, future business combinations and capital market fluctuations. Moreover, the company's performance will be hurt by fluctuation in currency rates. Higher expenses and increased competition also pose challenges for the company in the near term.”
  • 6/22/2017 – Itron was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/20/2017 – Itron is now covered by analysts at Guggenheim. They set a “buy” rating and a $81.00 price target on the stock.

Itron, Inc. (NASDAQ ITRI) traded down 0.89% during midday trading on Wednesday, hitting $72.40. 64,533 shares of the stock were exchanged. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 89.60 and a beta of 1.10. The firm’s 50-day moving average is $70.53 and its 200 day moving average is $65.22. Itron, Inc. has a 52 week low of $40.53 and a 52 week high of $75.60.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. The business had revenue of $503.10 million during 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 revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Equities research analysts expect that Itron, Inc. will post $3.07 EPS for the current fiscal 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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