Canaccord Genuity Believes Itron (NASDAQ: ITRI) Won’t Stop Here

By Carrie Williams

Canaccord Genuity analyst John Quealy reiterated a Buy rating on Itron (NASDAQ: ITRI) yesterday and set a price target of $72. The company’s shares opened today at $69.90, close to its 52-week high of $71.95.

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 7.1% and a 56.1% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Ceco Environmental.

Itron has an analyst consensus of Strong Buy, with a price target consensus of $71.50.

Itron’s market cap is currently $2.7B and has a P/E ratio of 72.71. The company has a book value ratio of 3.9477.

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Itron, Inc. is a technology and services company, which dedicates to the resourceful use of electricity, natural gas, and water. It provides comprehensive solutions that measure, manage, and analyze energy and water use. The company solutions include standard meters and next-generation smart metering products, metering systems, and services, which ultimately empower and benefit consumers. It operates through the following segments: Electricity, Gas, and Water. The company was founded in 1977 and is headquartered in Liberty Lake, WA.