Itron Inc. (ITRI) Coverage Resumes at Brean Murray with Buy Rating

Itron Inc. (ITRI) coverage has been resumed today by the research analysts at investment firm Brean Murray.  Brean Murray begins this resumed coverage of ITRI with an initial price target set at $67 dollars and has a performance outlook rating of “buy” set for ITRI.

Itron is slated to release their next earnings report on July 27th, 2011 and is estimated to post EPS of $1.06.  Their last earnings report was released on April 27th, 2011 and announced EPS one penny shy of a dollar (99 cents) with revenue totaling $563 million which was up 13.3 % year to year.  ITRI is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.

Itron Inc. is a technology company dedicated to delivering end-to-end smart metering solutions to electric, natural gas, and water utilities around the world.  Their smart metering solutions, meter data management software, and knowledge application solutions bring additional value to a utility’s metering and grid systems.  The company has market capitalization of $2,049,000,000 and 40,509,000 shares outstanding.  ITRI has a 52-week high of $70 with the low being $49.40 dollars.

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