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

Shares of Itron, Inc. (NASDAQ:ITRI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $127.36.

A number of brokerages have commented on ITRI. Wall Street Zen cut shares of Itron from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Guggenheim reaffirmed a "buy" rating and set a $133.00 target price on shares of Itron in a report on Thursday, April 17th. Oppenheimer boosted their price target on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Piper Sandler cut their price target on shares of Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Canaccord Genuity Group lifted their price objective on Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th.

Itron Stock Up 1.0%

Shares of NASDAQ ITRI opened at $125.70 on Thursday. Itron has a 12 month low of $90.11 and a 12 month high of $126.05. 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 $5.73 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 0.79 and a beta of 1.33. The business has a 50-day moving average of $112.36 and a 200-day moving average of $108.10.

Itron (NASDAQ:ITRI - Get Free Report) last released its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.22. Itron had a return on equity of 19.65% and a net margin of 10.34%. The business had revenue of $607.15 million for the quarter, compared to analysts' expectations of $608.86 million. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The firm's revenue was up .6% on a year-over-year basis. Sell-side analysts expect that Itron will post 5.33 earnings per share for the current fiscal year.

Insider Transactions at Itron

In related news, SVP Justin K. Patrick sold 9,036 shares of Itron stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $121.77, for a total value of $1,100,313.72. Following the sale, the senior vice president now owns 21,149 shares in the company, valued at $2,575,313.73. The trade was a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary C. Hemmingsen sold 5,150 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $108.70, for a total transaction of $559,805.00. Following the transaction, the director now owns 952 shares in the company, valued at $103,482.40. This represents a 84.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,905 shares of company stock worth $2,439,202. Company insiders own 1.45% of the company's stock.

Institutional Investors Weigh In On Itron

Hedge funds have recently bought and sold shares of the business. GeoWealth Management LLC increased its holdings 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 worth $25,000 after purchasing an additional 229 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Itron during the first quarter valued at $45,000. CoreCap Advisors LLC increased its holdings in Itron by 25.5% in the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after buying an additional 125 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Itron by 347.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock worth $97,000 after buying an additional 688 shares during the last quarter. Finally, Quarry LP raised its position in 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 buying an additional 554 shares during the last quarter. Institutional investors own 96.19% of the company's stock.

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.

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