Brokerages Set Itron, Inc. (NASDAQ:ITRI) Price Target at $139.00

Shares of Itron, Inc. (NASDAQ:ITRI) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $139.00.

A number of brokerages have issued reports on ITRI. Oppenheimer set a $145.00 target price on shares of Itron and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Itron in a research note on Monday. Argus reiterated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Baird R W downgraded Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th.

Insider Buying and Selling

In related news, SVP Justin K. Patrick sold 379 shares of the firm’s 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 $36,577.29. Following the sale, the senior vice president owned 20,382 shares in the company, valued at approximately $1,967,066.82. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John F. Marcolini sold 553 shares of Itron stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $53,370.03. Following the completion of the sale, the senior vice president directly owned 13,843 shares of the company’s stock, valued at $1,335,987.93. The trade was a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,971 shares of company stock worth $286,731 in the last 90 days. 1.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ITRI. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Itron in the second quarter valued at $30,000. Employees Retirement System of Texas purchased a new stake in Itron in the 3rd quarter valued at about $32,000. Bessemer Group Inc. grew its holdings in Itron by 125.7% in the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 142 shares during the period. Optiver Holding B.V. acquired a new position in shares of Itron during the 3rd quarter valued at about $36,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Itron during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Stock Down 0.8%

ITRI opened at $94.59 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 0.46 and a beta of 1.52. Itron has a one year low of $90.11 and a one year high of $142.00. The business’s fifty day moving average is $109.24 and its two-hundred day moving average is $120.54.

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