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

Itron, Inc. (NASDAQ:ITRI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $127.36.

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group upped their price objective on Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Piper Sandler decreased their price objective on Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Oppenheimer upped their price objective on Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Wall Street Zen upgraded Itron from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Guggenheim restated a "buy" rating and set a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th.

Insider Buying and Selling

In other news, SVP John F. Marcolini sold 546 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 $62,762.70. Following the sale, the senior vice president now owns 21,865 shares of the company's stock, valued at $2,513,381.75. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joan S. Hooper sold 938 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total transaction of $107,823.10. Following the sale, the chief financial officer now directly owns 89,364 shares in the company, valued at $10,272,391.80. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,086 shares of company stock valued at $897,298 over the last quarter. 1.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Itron

A number of institutional investors have recently added to or reduced their stakes in ITRI. GeoWealth Management LLC boosted its stake 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. Wayfinding Financial LLC acquired a new stake in Itron during the 1st quarter worth $45,000. CoreCap Advisors LLC boosted its stake in Itron by 25.5% during the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after purchasing an additional 125 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in Itron during the 4th quarter worth $67,000. Finally, Smartleaf Asset Management LLC boosted its stake in Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock worth $97,000 after purchasing an additional 688 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

Itron Stock Up 0.4%

Shares of ITRI traded up $0.43 during midday trading on Friday, reaching $113.71. 351,912 shares of the stock were exchanged, compared to its average volume of 575,479. Itron has a 52 week low of $90.11 and a 52 week high of $124.90. 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 50 day moving average is $106.69 and its two-hundred day moving average is $107.74. The company has a market capitalization of $5.18 billion, a P/E ratio of 23.30, a PEG ratio of 0.81 and a beta of 1.31.

Itron (NASDAQ:ITRI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.22. The business had revenue of $607.15 million for the quarter, compared to the consensus estimate of $608.86 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 EPS. On average, sell-side analysts anticipate that Itron will post 5.33 earnings per share for the current year.

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.