Itron, Inc. (NASDAQ:ITRI) Stock Has Average Price Target of $131.33

Key Points

• Analysts moderately favor Itron: Thirteen analysts give the stock an average “Moderate Buy” rating, with a 12-month average price target of $131.33 versus its reported opening price of $88.39.
• Itron exceeded quarterly earnings expectations, reporting $1.59 in EPS against a $1.29 consensus estimate, although revenue declined 7.2% year over year to $562.9 million.
• Institutional investors own 96.19% of Itron, while insiders own 1.77%; insiders sold roughly $1.75 million of shares over the past 90 days, including trades under a 10b5-1 plan and sales related to tax obligations.

Shares of Itron, Inc. (NASDAQ:ITRI - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $131.33.

Several equities analysts have recently weighed in on ITRI shares. Needham & Company LLC boosted their target price on Itron from $116.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Robert W. Baird set a $125.00 price target on Itron in a research report on Wednesday, July 29th. Seaport Research Partners reaffirmed a "buy" rating and set a $150.00 price objective on shares of Itron in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Itron from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Itron in a research note on Wednesday, August 5th.

Itron Stock Up 0.7%

Shares of NASDAQ ITRI opened at $88.39 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. Itron has a 12-month low of $77.77 and a 12-month high of $142.00. The firm's 50-day moving average price is $96.08 and its 200-day moving average price is $89.47. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 1.05 and a beta of 1.32.

Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same quarter last year, the business posted $1.62 earnings per share. The firm's revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, equities research analysts anticipate that Itron will post 6.41 EPS for the current fiscal year.

Insider Activity

In other Itron news, SVP Donald L. Reeves III sold 329 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $32,501.91. Following the completion of the transaction, the senior vice president owned 27,945 shares in the company, valued at $2,760,686.55. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Justin K. Patrick sold 10,210 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $97.36, for a total value of $994,045.60. Following the transaction, the senior vice president directly owned 22,065 shares in the company, valued at approximately $2,148,248.40. This represents a 31.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 17,903 shares of company stock valued at $1,753,521. 1.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Itron

A number of institutional investors and hedge funds have recently modified their holdings of the business. PenderFund Capital Management Ltd. bought a new position in Itron in the 2nd quarter valued at $35,000. Quantbot Technologies LP bought a new stake in shares of Itron during the second quarter worth $36,000. Integrated Wealth Concepts LLC bought a new stake in shares of Itron during the second quarter worth $36,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Itron during the second quarter valued at $48,000. Finally, Allworth Financial LP bought a new position in shares of Itron in the second quarter worth about $67,000. 96.19% of the stock is owned by institutional investors.

About Itron

Itron, Inc NASDAQ: ITRI provides technology and services that help utilities and cities manage electricity, natural gas, and water resources. Its solutions are designed to improve the measurement, collection, and analysis of usage data while supporting grid modernization, operational efficiency, and resource conservation.

The company's offerings include smart meters, advanced metering infrastructure, communications networks, sensors, data-management software, and analytics platforms.

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