Itron (NASDAQ:ITRI) Upgraded at Wall Street Zen

Key Points

• Itron has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, reflecting a positive outlook for the company.
• The stock price target for Itron has been set by several analysts, with JPMorgan Chase raising it from $128 to $145 and a consensus target of $137.10.
• Itron's quarterly earnings report showed a beat in EPS at $1.62, exceeding estimates of $1.33, despite a slight decrease in revenue compared to the previous year.

Itron (NASDAQ:ITRI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

A number of other research firms have also recently weighed in on ITRI. Stephens set a $130.00 price objective on shares of Itron in a research report on Monday, August 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Itron in a research note on Saturday, September 27th. Johnson Rice lowered shares of Itron from a "buy" rating to an "accumulate" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised shares of Itron from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $128.00 to $145.00 in a research note on Thursday, July 31st. Finally, TD Cowen upped their target price on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $137.10.

Itron Trading Up 1.5%

ITRI traded up $1.85 on Friday, hitting $125.44. The company had a trading volume of 482,297 shares, compared to its average volume of 729,186. The business's fifty day simple moving average is $124.03 and its 200 day simple moving average is $119.14. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48. Itron has a 12-month low of $90.11 and a 12-month high of $140.04. The company has a market cap of $5.73 billion, a PE ratio of 21.44, a PEG ratio of 0.68 and a beta of 1.48.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. The business had revenue of $606.76 million for the quarter, compared to the consensus estimate of $610.36 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.The company's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. Equities research analysts expect that Itron will post 5.33 EPS for the current year.

Insider Buying and Selling

In other Itron news, SVP Justin K. Patrick sold 388 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $48,620.28. Following the completion of the transaction, the senior vice president directly owned 20,761 shares in the company, valued at approximately $2,601,560.91. The trade was a 1.83% decrease in their ownership of the stock. 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 351 shares of Itron stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $43,983.81. Following the completion of the transaction, the senior vice president directly owned 19,117 shares in the company, valued at approximately $2,395,551.27. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,037 shares of company stock valued at $380,566 over the last three months. Corporate insiders own 1.45% of the company's stock.

Hedge Funds Weigh In On Itron

Several hedge funds and other institutional investors have recently bought and sold shares of ITRI. Sowell Financial Services LLC acquired a new stake in Itron during the first quarter worth about $266,000. Envestnet Asset Management Inc. increased its position in shares of Itron by 119.7% during the first quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company's stock worth $8,073,000 after purchasing an additional 41,984 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Itron by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,278 shares of the scientific and technical instruments company's stock worth $658,000 after acquiring an additional 2,201 shares during the last quarter. Principal Financial Group Inc. boosted its position in Itron by 2.5% during the first quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company's stock worth $28,356,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Itron by 52.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company's stock valued at $163,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

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.

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