Itron (NASDAQ:ITRI) PT Raised to $72.00

Itron (NASDAQ:ITRI) had its target price raised by Piper Sandler from $71.00 to $72.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the scientific and technical instruments company’s stock. Piper Sandler’s target price indicates a potential upside of 12.01% from the stock’s previous close.

Several other brokerages have also recently commented on ITRI. TD Cowen boosted their price target on Itron from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. JPMorgan Chase & Co. lowered their price target on Itron from $72.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, October 19th. Guggenheim started coverage on Itron in a report on Monday, September 11th. They issued a “neutral” rating for the company. Finally, Robert W. Baird boosted their target price on Itron from $63.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.89.

Itron Trading Up 0.3 %

NASDAQ:ITRI opened at $64.28 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.73 and a quick ratio of 1.26. Itron has a fifty-two week low of $43.47 and a fifty-two week high of $79.99. The stock’s 50-day moving average is $61.08 and its two-hundred day moving average is $65.71. The stock has a market cap of $2.92 billion, a PE ratio of 75.62 and a beta of 1.33.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.34. The company had revenue of $541.07 million for the quarter, compared to analysts’ expectations of $518.01 million. Itron had a return on equity of 8.02% and a net margin of 2.01%. As a group, equities research analysts forecast that Itron will post 2.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ITRI. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Itron by 39.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,842 shares of the scientific and technical instruments company’s stock worth $1,519,000 after buying an additional 8,213 shares during the last quarter. US Bancorp DE grew its holdings in shares of Itron by 30.7% during the first quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock worth $54,000 after purchasing an additional 244 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Itron during the first quarter worth $299,000. Natixis Advisors L.P. boosted its holdings in Itron by 10.4% in the first quarter. Natixis Advisors L.P. now owns 13,291 shares of the scientific and technical instruments company’s stock valued at $700,000 after acquiring an additional 1,256 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Itron by 57.2% in the first quarter. MetLife Investment Management LLC now owns 24,551 shares of the scientific and technical instruments company’s stock valued at $1,293,000 after acquiring an additional 8,938 shares during the last quarter. 95.12% of the stock is currently owned by institutional investors and hedge funds.

Itron Company Profile

Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. It operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.