Itron, Inc. (NASDAQ:ITRI) Receives $123.92 Average Target Price from Analysts

Itron, Inc. (NASDAQ:ITRI) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $123.92.

Several research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Roth Mkm increased their price target on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BNP Paribas assumed coverage on Itron in a report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price objective on the stock. Robert W. Baird upped their price target on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Guggenheim raised their target price on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Insider Activity

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at $21,519,083.08. This represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Several hedge funds have recently made changes to their positions in the business. Quarry LP lifted its holdings in Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 102 shares during the period. Stifel Financial Corp raised its stake in shares of Itron by 2.2% in the third quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after acquiring an additional 108 shares in the last quarter. Covestor Ltd boosted its holdings in Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in Itron by 85.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Down 0.2 %

Shares of NASDAQ:ITRI opened at $118.04 on Friday. The firm has a fifty day moving average price of $111.37 and a two-hundred day moving average price of $105.49. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 0.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron has a one year low of $67.21 and a one year high of $124.90.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.71. The company had revenue of $615.46 million during the quarter, compared to analyst estimates of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. Analysts anticipate that Itron will post 5.33 EPS for the current fiscal 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.