Oppenheimer analyst Noah Kaye assigned a Buy rating to Itron (ITRI) today and set a price target of $75.00. The company’s shares closed last Tuesday at $97.25.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 16.0% and a 63.3% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Johnson Controls, and Dana Holding.
Itron has an analyst consensus of Moderate Buy, with a price target consensus of $75.00, which is a -22.9% downside from current levels. In a report issued on February 16, Raymond James also maintained a Buy rating on the stock.
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Itron’s market cap is currently $3.93B and has a P/E ratio of -62.30. The company has a Price to Book ratio of -8.31.
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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: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment includes hardware products used for measurement, control, or sensing that do not have communications capability embedded for use with its broader Itron systems. The Networked Solutions segment offers a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution for acquiring and transporting robust application-specific data. The Outcomes segment consist of the firm’s value-added, enhanced software and services operating segment in which it manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. The company was founded in 1977 and is headquartered in Liberty Lake, WA.
