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

Shares of Itron, Inc. (NASDAQ:ITRI) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $139.00.

A number of research firms have weighed in on ITRI. Oppenheimer set a $145.00 price target on Itron and gave the company an “outperform” rating in a research note on Friday, October 31st. Argus reissued a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $118.00 price target (down from $137.00) on shares of Itron in a report on Friday, October 31st. Zacks Research cut shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen downgraded shares of Itron from a “buy” rating to a “hold” rating in a research report on Saturday.

Itron Price Performance

ITRI stock opened at $96.18 on Thursday. The business’s 50-day moving average is $111.14 and its two-hundred day moving average is $120.95. 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 capitalization of $4.41 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.47 and a beta of 1.52. Itron has a 1 year low of $90.11 and a 1 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. Itron had a net margin of 10.69% and a return on equity of 17.82%. The firm had revenue of $581.63 million for the quarter, compared to analyst estimates of $578.49 million. During the same period in the prior year, the firm earned $1.84 earnings per share. 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. Analysts anticipate that Itron will post 5.33 earnings per share for the current fiscal year.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 536 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $51,729.36. Following the transaction, the senior vice president owned 19,068 shares of the company’s stock, valued at approximately $1,840,252.68. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joan S. Hooper sold 948 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $91,491.48. Following the completion of the sale, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at $8,439,413.46. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,971 shares of company stock valued at $286,731. Corporate insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Itron

A number of institutional investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC acquired a new stake in Itron in the second quarter valued at about $30,000. Employees Retirement System of Texas purchased a new position in shares of Itron during the 3rd quarter worth approximately $32,000. Bessemer Group Inc. lifted its holdings in shares of 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. purchased a new stake in shares of Itron in the third quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC acquired a new position in Itron during the third quarter worth $42,000. 96.19% of the stock is owned by institutional investors and hedge funds.

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.