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

Itron, Inc. (NASDAQ:ITRI) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $123.92.

ITRI has been the subject of several research reports. Piper Sandler boosted their price objective on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Stephens reissued an “equal weight” rating and issued a $110.00 price objective on shares of Itron in a research note on Monday, August 5th. TD Cowen lifted their target price on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird increased their price target on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, BNP Paribas assumed coverage on Itron in a report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price objective for the company.

Insider Activity at Itron

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

Institutional Investors Weigh In On Itron

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of Itron by 29.0% during 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 in the last quarter. Continuum Advisory LLC grew its position in Itron by 42.1% during 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 last quarter. Stifel Financial Corp increased its stake in Itron by 2.2% during 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 increased its stake in Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Itron by 85.6% in the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Down 0.6 %

Shares of Itron stock opened at $118.53 on Friday. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The company’s fifty day simple moving average is $110.92 and its two-hundred day simple moving average is $105.40. Itron has a 12-month low of $65.81 and a 12-month high of $124.90. The company has a market cap of $5.34 billion, a P/E ratio of 24.29, a PEG ratio of 0.90 and a beta of 1.46.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The company had revenue of $615.46 million for the quarter, compared to the consensus estimate of $596.41 million. During the same quarter in the prior year, the company posted $0.98 EPS. Itron’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts anticipate that Itron will post 5.33 EPS for the current 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.