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Cowen & Co. analyst Jeff Osborne maintained a Buy rating on Itron (ITRI) on November 6 and set a price target of $80. The company’s shares closed yesterday at $55.85.
According to TipRanks.com, Osborne is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.9% and a 38.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, TPI Composites Inc, and Fuelcell Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Itron with a $75.33 average price target, representing a 34.9% upside. In a report issued on October 29, Canaccord Genuity also reiterated a Buy rating on the stock with a $84 price target.
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Based on Itron’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $19.88 million. In comparison, last year the company had a net profit of $25.58 million.
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Itron, Inc. is a technology and services company, which engages in the provision of solutions that measure, manage, and analyze energy and water use. It operates through the following segments: Electricity, Gas, and Water.
