Itron, Inc. (NASDAQ:ITRI) Receives $131.33 Average Target Price from Analysts

Itron, Inc. (NASDAQ:ITRI) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $131.3333.

Several research analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. TD Cowen decreased their price target on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Finally, Stephens restated an “overweight” rating and issued a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 442 shares of Itron stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $37,291.54. Following the transaction, the chief financial officer directly owned 117,478 shares of the company’s stock, valued at $9,911,618.86. The trade was a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the transaction, the senior vice president owned 29,100 shares in the company, valued at approximately $2,455,167. This trade represents a 1.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 2,035 shares of company stock worth $171,731 over the last three months. 1.77% of the stock is currently owned by insiders.

Institutional Trading of Itron

A number of large investors have recently added to or reduced their stakes in ITRI. AlphaGrep UK Ltd purchased a new position in Itron in the second quarter valued at about $232,000. Raiffeisen Bank International AG increased its stake in shares of Itron by 5.9% during the 2nd quarter. Raiffeisen Bank International AG now owns 250,000 shares of the scientific and technical instruments company’s stock worth $20,930,000 after purchasing an additional 14,000 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Itron during the 2nd quarter worth approximately $211,000. Two Sigma Securities LLC raised its holdings in shares of Itron by 5.2% in the 2nd quarter. Two Sigma Securities LLC now owns 3,937 shares of the scientific and technical instruments company’s stock worth $341,000 after purchasing an additional 195 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Itron by 1,588.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,478 shares of the scientific and technical instruments company’s stock valued at $647,000 after purchasing an additional 7,035 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Trading Up 1.6%

Shares of ITRI stock opened at $100.03 on Tuesday. Itron has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The stock has a 50 day simple moving average of $90.52 and a two-hundred day simple moving average of $90.18. The company has a market cap of $4.38 billion, a P/E ratio of 16.70, a PEG ratio of 1.20 and a beta of 1.30.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. The firm had revenue of $562.90 million for the quarter, compared to analysts’ expectations of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Research analysts forecast that Itron will post 6.4 earnings per share for the current year.

About Itron

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.