Itron, Inc. (NASDAQ:ITRI) Receives $123.92 Consensus PT from Analysts

Itron, Inc. (NASDAQ:ITRI) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $123.92.

A number of equities research analysts have recently issued reports on ITRI shares. Roth Mkm lifted their price target on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Janney Montgomery Scott started coverage on Itron in a report on Friday, September 27th. They issued a “buy” rating and a $131.00 target price on the stock. Guggenheim lifted their price target on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler boosted their price objective on shares of Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of Itron stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total value of $3,931,125.00. Following the completion of the sale, the chief executive officer now owns 205,276 shares in the company, valued at $21,519,083.08. The trade was a 15.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ITRI. Quarry LP boosted its holdings in Itron by 29.0% in the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 102 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 102 shares during the period. Stifel Financial Corp lifted its stake in shares of Itron by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 108 shares in the last quarter. Covestor Ltd grew its holdings in shares of Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 111 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Itron by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 129 shares in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Trading Down 1.1 %

Shares of ITRI stock opened at $109.19 on Thursday. The business’s fifty day moving average price is $113.43 and its 200 day moving average price is $106.02. The firm has a market capitalization of $4.92 billion, a PE ratio of 22.38, a P/E/G ratio of 0.84 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron has a 1-year low of $67.21 and a 1-year high of $124.90.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The business had revenue of $615.46 million for the quarter, compared to analysts’ expectations of $596.41 million. During the same period in the prior year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that Itron will post 5.33 EPS for the current fiscal year.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.