Itron, Inc. (NASDAQ:ITRI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $119.67.

A number of equities research analysts recently weighed in on ITRI shares. BNP Paribas began coverage on shares of Itron in a research note on Thursday, September 5th. They issued an “outperform” rating and a $133.00 target price on the stock. Guggenheim raised shares of Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Thursday, July 11th. Robert W. Baird raised their price target on Itron from $115.00 to $123.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Janney Montgomery Scott began coverage on shares of Itron in a research report on Friday, September 27th. They set a “buy” rating and a $131.00 price target on the stock. Finally, Stephens restated an “equal weight” rating and issued a $110.00 price objective on shares of Itron in a report on Monday, August 5th.

Insiders Place Their Bets

In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of Itron stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the sale, the senior vice president now owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total transaction of $425,210.00. Following the transaction, the senior vice president now owns 16,269 shares in the company, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Deitrich sold 887 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $90,607.05. Following the completion of the sale, the chief executive officer now owns 205,276 shares in the company, valued at $20,968,943.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,276 shares of company stock valued at $4,515,846. Insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Itron in the 1st quarter worth $2,002,000. Commonwealth Equity Services LLC purchased a new position in shares of Itron during the 1st quarter valued at about $1,076,000. Jupiter Asset Management Ltd. bought a new position in shares of Itron during the 1st quarter valued at approximately $2,029,000. Sculptor Capital LP purchased a new stake in Itron in the 2nd quarter worth approximately $5,255,000. Finally, UniSuper Management Pty Ltd bought a new stake in Itron during the 1st quarter worth approximately $904,000. Institutional investors own 96.19% of the company’s stock.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $108.30 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.16 and a quick ratio of 2.61. Itron has a one year low of $56.11 and a one year high of $113.07. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 0.91 and a beta of 1.47. The firm has a 50 day simple moving average of $101.49 and a 200 day simple moving average of $101.03.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.25. The company had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. Itron had a net margin of 7.98% and a return on equity of 16.42%. Itron’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. Research analysts predict that Itron will post 4.58 earnings per share for the current fiscal year.

Itron Company Profile

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.