Itron (NASDAQ:ITRI) Stock Rating Lowered by Wall Street Zen

Itron (NASDAQ:ITRI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts have also commented on the stock. Robert W. Baird reissued a “neutral” rating and issued a $118.00 price objective (down previously from $137.00) on shares of Itron in a research report on Friday, October 31st. Oppenheimer set a $145.00 price objective on shares of Itron and gave the stock an “outperform” rating in a research note on Friday, October 31st. Baird R W downgraded Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. increased their price target on Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, Stephens raised Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target on the stock in a research report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.10.

Itron Stock Performance

Shares of Itron stock opened at $99.28 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.91. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 0.54 and a beta of 1.49. The stock’s 50-day moving average is $97.61 and its 200-day moving average is $116.68. Itron has a one year low of $90.11 and a one year high of $142.00.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $578.49 million. During the same quarter in the previous year, the business posted $1.84 EPS. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. 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 analysts predict that Itron will post 5.33 earnings per share for the current fiscal year.

Insider Activity

In other Itron news, SVP Donald L. Reeves III sold 536 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $51,729.36. Following the completion of the sale, the senior vice president owned 19,068 shares of the company’s stock, valued at $1,840,252.68. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Justin K. Patrick sold 379 shares of Itron stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $36,577.29. Following the transaction, the senior vice president directly owned 20,382 shares of the company’s stock, valued at approximately $1,967,066.82. This trade represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,971 shares of company stock valued at $286,731. 1.51% of the stock is owned by insiders.

Institutional Trading of Itron

Several institutional investors have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in Itron in the 2nd quarter valued at about $30,000. Employees Retirement System of Texas bought a new position in Itron in the third quarter valued at approximately $32,000. Bessemer Group Inc. increased its stake in Itron by 125.7% in the second 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 position in Itron during the third quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC bought a new stake in Itron during the third quarter worth $42,000. 96.19% of the stock is currently owned by institutional investors.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.