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

Itron, Inc. (NASDAQ:ITRI) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $139.00.

Several research firms recently weighed in on ITRI. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective on the stock in a research note on Monday, November 3rd. Baird R W lowered shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Robert W. Baird restated 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. Finally, Oppenheimer set a $145.00 target price on Itron and gave the stock an “outperform” rating in a report on Friday, October 31st.

Insider Buying and Selling at Itron

In related news, CFO Joan S. Hooper sold 970 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $121,550.70. Following the completion of the transaction, the chief financial officer directly owned 88,394 shares in the company, valued at approximately $11,076,652.14. The trade was a 1.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher E. Ware sold 351 shares of Itron stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $43,983.81. Following the completion of the transaction, the senior vice president directly owned 19,117 shares in the company, valued at approximately $2,395,551.27. The trade was a 1.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,037 shares of company stock worth $380,566 over the last three months. Company insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Itron

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

Itron Stock Down 1.0%

NASDAQ:ITRI opened at $96.27 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48. Itron has a 12-month low of $90.11 and a 12-month high of $142.00. The stock’s fifty day simple moving average is $120.04 and its 200-day simple moving average is $122.88. The firm has a market capitalization of $4.41 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.76 and a beta of 1.52.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.06. Itron had a return on equity of 19.69% and a net margin of 11.05%.The firm had revenue of $581.63 million for the quarter, compared to analyst estimates of $578.49 million. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The company’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. Q4 2025 guidance at 2.150-2.250 EPS. Equities research analysts expect 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.