Itron, Inc. (NASDAQ:ITRI) Receives $128.18 Consensus Price Target from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $130.18.

ITRI has been the subject of several analyst reports. TD Cowen boosted their target price on shares of Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Wall Street Zen cut shares of Itron from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Piper Sandler decreased their price target on shares of Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Guggenheim reaffirmed a "buy" rating and set a $155.00 price target (up from $133.00) on shares of Itron in a report on Monday.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 938 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total transaction of $107,823.10. Following the completion of the transaction, the chief financial officer owned 89,364 shares in the company, valued at approximately $10,272,391.80. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John F. Marcolini sold 3,783 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $116.73, for a total transaction of $441,589.59. Following the transaction, the senior vice president owned 21,865 shares of the company's stock, valued at approximately $2,552,301.45. The trade was a 14.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,905 shares of company stock worth $2,439,202 over the last quarter. Insiders own 1.51% of the company's stock.

Institutional Trading of Itron

Hedge funds have recently modified their holdings of the stock. GeoWealth Management LLC increased its stake in shares of Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock valued at $25,000 after acquiring an additional 229 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Itron in the 4th quarter valued at $30,000. Wayfinding Financial LLC bought a new stake in shares of Itron in the 1st quarter valued at $45,000. CoreCap Advisors LLC increased its stake in shares of Itron by 25.5% in the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock valued at $67,000 after acquiring an additional 125 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Itron by 155.6% in the 1st quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company's stock worth $95,000 after purchasing an additional 554 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Itron Stock Performance

NASDAQ ITRI traded up $0.80 during trading on Monday, reaching $135.34. The company's stock had a trading volume of 290,110 shares, compared to its average volume of 552,800. The company has a current ratio of 1.93, a quick ratio of 1.65 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.35. Itron has a 12 month low of $90.11 and a 12 month high of $136.24. The firm has a 50 day moving average price of $121.68 and a 200 day moving average price of $110.40.

Itron (NASDAQ:ITRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.22. The firm had revenue of $607.15 million during the quarter, compared to the consensus estimate of $608.86 million. Itron had a net margin of 10.34% and a return on equity of 19.65%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. As a group, equities analysts anticipate that Itron will post 5.33 EPS 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.