Itron, Inc. (ITRI) Given “Hold” Rating at Canaccord Genuity

Canaccord Genuity reissued their hold rating on shares of Itron, Inc. (NASDAQ:ITRI) in a report released on Friday morning. Canaccord Genuity currently has a $78.00 price objective on the scientific and technical instruments company’s stock.

ITRI has been the topic of several other reports. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $78.00 price target (up from $75.00) on shares of Itron in a report on Friday, August 4th. BidaskClub cut shares of Itron from a strong-buy rating to a buy rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of Itron from a hold rating to a buy rating and set a $81.00 price target on the stock in a report on Monday, September 11th. Cowen and Company set a $74.00 price target on shares of Itron and gave the company a hold rating in a report on Thursday, August 3rd. Finally, Guggenheim began coverage on shares of Itron in a report on Tuesday, June 20th. They issued a buy rating and a $81.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Itron has a consensus rating of Buy and an average price target of $80.22.

Shares of Itron (NASDAQ:ITRI) traded up 0.32% during midday trading on Friday, hitting $78.15. 187,844 shares of the stock were exchanged. The firm has a 50 day moving average of $74.07 and a 200 day moving average of $68.92. The firm has a market cap of $3.02 billion, a P/E ratio of 96.72 and a beta of 1.10. Itron has a 12-month low of $51.55 and a 12-month high of $78.95.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results 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 firm had revenue of $503.10 million for 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 firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Equities analysts forecast that Itron will post $3.07 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Itron, Inc. (ITRI) Given “Hold” Rating at Canaccord Genuity” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.chaffeybreeze.com/2017/10/07/itron-inc-itri-given-hold-rating-at-canaccord-genuity.html.

Several large investors have recently modified their holdings of ITRI. PNC Financial Services Group Inc. raised its holdings 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 purchasing an additional 31 shares during the period. Pacad Investment Ltd. raised its holdings in shares of Itron by 21.4% during the second quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock worth $115,000 after purchasing an additional 300 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Itron by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock worth $142,000 after purchasing an additional 897 shares during the period. SG Americas Securities LLC raised its holdings 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 purchasing an additional 36 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Itron by 21.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock worth $152,000 after purchasing an additional 444 shares during the period. 93.66% of the stock is currently owned by institutional investors.

Itron Company Profile

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)

Receive News & Ratings for Itron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply