UBS Raises Estimates and Price Target on Itron (ITRI) After Strong Q2
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Price: $41.90 -1.13%
Rating Summary:
9 Buy, 12 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
9 Buy, 12 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade ITRI Now!
UBS maintains a 'Neutral' on Itron (NASDAQ: ITRI) price target of $44.00 (from $42.00).
Analyst, Jason Feldman, said, "For 2H12, guidance implies EPS of $1.73-1.93 vs. cons. $1.87. The top end of guidance was reduced mostly by FX (and sales guidance down to $2.1-2.2B, from $2.1-2.3B vs. cons. $2.23B). ITRI expects a slightly softer 2H with Gas flat to up, Water continuing to grow, and Electric weaker in NA. For ’13, manangement expects sales flat to up slightly, with steady growth at Water, slow growth for Gas, and Electric weak in 1H13/stronger in 2H13."
FY12 EPS estimate raised from $3.70 to $3.90 and FY13 from $3.70 to $3.85.
For an analyst ratings summary and ratings history on Itron click here. For more ratings news on Itron click here.
Shares of Itron closed at $42.17 yesterday, with a 52 week range of $26.90-$50.35.
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Analyst, Jason Feldman, said, "For 2H12, guidance implies EPS of $1.73-1.93 vs. cons. $1.87. The top end of guidance was reduced mostly by FX (and sales guidance down to $2.1-2.2B, from $2.1-2.3B vs. cons. $2.23B). ITRI expects a slightly softer 2H with Gas flat to up, Water continuing to grow, and Electric weaker in NA. For ’13, manangement expects sales flat to up slightly, with steady growth at Water, slow growth for Gas, and Electric weak in 1H13/stronger in 2H13."
FY12 EPS estimate raised from $3.70 to $3.90 and FY13 from $3.70 to $3.85.
For an analyst ratings summary and ratings history on Itron click here. For more ratings news on Itron click here.
Shares of Itron closed at $42.17 yesterday, with a 52 week range of $26.90-$50.35.
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