Itron, Inc. (NASDAQ:ITRI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $139.00.

A number of equities research analysts recently issued reports on ITRI shares. Stephens upgraded shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Itron in a report on Monday. Zacks Research cut shares of Itron from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Robert W. Baird reaffirmed a “neutral” rating and issued a $118.00 target price (down from $137.00) on shares of Itron in a research report on Friday, October 31st. Finally, Argus reiterated a “hold” rating on shares of Itron in a report on Tuesday, November 4th.

Insiders Place Their Bets

In other Itron news, CFO Joan S. Hooper sold 948 shares of Itron stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $91,491.48. Following the transaction, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at $8,439,413.46. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher E. Ware sold 343 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $33,102.93. Following the completion of the sale, the senior vice president directly owned 18,774 shares of the company’s stock, valued at $1,811,878.74. The trade was a 1.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,971 shares of company stock worth $286,731. 1.45% of the stock is owned by insiders.

Institutional Trading of Itron

A number of institutional investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Itron during the second quarter worth approximately $30,000. Employees Retirement System of Texas bought a new position in Itron during the 3rd quarter valued at $32,000. Bessemer Group Inc. boosted its stake in Itron by 125.7% during the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. Optiver Holding B.V. acquired a new stake in shares of Itron in the 3rd quarter valued at about $36,000. Finally, Salomon & Ludwin LLC acquired a new position in Itron in the third quarter worth about $42,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Performance

Itron stock opened at $98.29 on Thursday. The stock has a fifty day moving average price of $112.23 and a 200 day moving average price of $121.18. Itron has a 52 week low of $90.11 and a 52 week high of $142.00. The firm has a market capitalization of $4.50 billion, a P/E ratio of 17.68, a PEG ratio of 0.47 and a beta of 1.52. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. Itron had a return on equity of 17.82% and a net margin of 10.69%.The firm had revenue of $581.63 million for the quarter, compared to analyst estimates of $578.49 million. During the same period last year, the company earned $1.84 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Equities research 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.