Itron, Inc. (NASDAQ:ITRI) Receives $127.36 Consensus Price Target from Analysts

Itron, Inc. (NASDAQ:ITRI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $128.18.

A number of research analysts have issued reports on ITRI shares. Wall Street Zen cut Itron from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Oppenheimer lifted their price target on Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on Itron from $130.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. TD Cowen lifted their price target on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a report on Friday. Finally, Guggenheim reaffirmed a "buy" rating and issued a $133.00 price target on shares of Itron in a report on Thursday, April 17th.

Itron Price Performance

Shares of NASDAQ ITRI traded up $2.10 during midday trading on Thursday, reaching $127.80. 1,053,317 shares of the company traded hands, compared to its average volume of 564,321. The firm has a market cap of $5.83 billion, a PE ratio of 23.32, a PEG ratio of 0.81 and a beta of 1.33. The stock's 50-day simple moving average is $113.47 and its 200-day simple moving average is $108.10. Itron has a 12 month low of $90.11 and a 12 month high of $129.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.65 and a current ratio of 1.93.

Itron (NASDAQ:ITRI - Get Free Report) last issued 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 company had revenue of $607.15 million during the quarter, compared to analysts' expectations of $608.86 million. Itron had a return on equity of 19.65% and a net margin of 10.34%. The business's revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. As a group, equities analysts anticipate that Itron will post 5.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Itron news, CFO Joan S. Hooper sold 938 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total transaction of $107,823.10. Following the completion of the sale, the chief financial officer now directly owns 89,364 shares of the company's stock, valued at approximately $10,272,391.80. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Christopher E. Ware sold 339 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total value of $38,968.05. Following the sale, the senior vice president now directly owns 19,468 shares of the company's stock, valued at $2,237,846.60. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,905 shares of company stock valued at $2,439,202. 1.51% of the stock is currently owned by insiders.

Institutional Trading of Itron

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITRI. GeoWealth Management LLC raised its holdings in Itron by 4,580.0% during 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 during the last quarter. Proficio Capital Partners LLC bought a new stake in Itron during the 4th quarter worth about $30,000. Wayfinding Financial LLC acquired a new position in shares of Itron during the 1st quarter worth about $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 during the last quarter. Finally, Quarry LP increased its stake 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 valued at $95,000 after acquiring an additional 554 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

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.