TheStreet cut shares of Itron (NASDAQ:ITRI) from a b rating to a c rating in a research note issued to investors on Monday morning.
Several other equities analysts also recently weighed in on ITRI. BidaskClub upgraded Itron from a hold rating to a buy rating in a research report on Friday, January 19th. Oppenheimer reiterated a buy rating and set a $78.00 price objective on shares of Itron in a research report on Monday, January 29th. Canaccord Genuity upgraded Itron from a hold rating to a buy rating and lifted their price objective for the stock from $78.00 to $84.00 in a research report on Tuesday, February 27th. Cowen upgraded Itron from a market perform rating to an outperform rating and lifted their price objective for the stock from $80.00 to $84.00 in a research report on Thursday, March 1st. Finally, JMP Securities set a $108.00 price objective on Itron and gave the stock a buy rating in a research report on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $83.36.
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NASDAQ ITRI opened at $62.12 on Monday. The company has a market capitalization of $2.63 billion, a PE ratio of 20.30, a PEG ratio of 1.06 and a beta of 1.00. Itron has a 1-year low of $60.05 and a 1-year high of $64.65. The company has a current ratio of 1.67, a quick ratio of 1.29 and a debt-to-equity ratio of 0.74.
Itron (NASDAQ:ITRI) last released its earnings results on Monday, May 14th. The scientific and technical instruments company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $607.00 million for the quarter, compared to the consensus estimate of $575.74 million. Itron had a positive return on equity of 13.26% and a negative net margin of 4.85%. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. research analysts predict that Itron will post 3.03 earnings per share for the current fiscal year.
In other Itron news, Director Thomas S. Glanville sold 2,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $74.02, for a total transaction of $148,040.00. Following the completion of the sale, the director now owns 13,390 shares of the company’s stock, valued at $991,127.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Philip Mezey sold 3,330 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $68.30, for a total value of $227,439.00. Following the sale, the chief executive officer now directly owns 54,327 shares of the company’s stock, valued at approximately $3,710,534.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,402 shares of company stock worth $2,275,266. 2.32% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Adviser Investments LLC acquired a new stake in Itron during the first quarter worth $139,000. Delpha Capital Management LLC acquired a new stake in Itron during the fourth quarter worth $134,000. Domini Impact Investments LLC acquired a new stake in Itron during the first quarter worth $223,000. Xact Kapitalforvaltning AB acquired a new stake in Itron during the fourth quarter worth $214,000. Finally, CIBC Asset Management Inc acquired a new stake in Itron during the fourth quarter worth $227,000. 94.50% of the stock is owned by institutional investors.
Itron Company Profile
Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.