Itron (NASDAQ:ITRI) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Itron (NASDAQ:ITRI) from a hold rating to a buy rating in a research note issued to investors on Sunday.

Other analysts also recently issued reports about the company. Oppenheimer set a $145.00 price objective on Itron and gave the company an “outperform” rating in a research report on Friday, October 31st. Robert W. Baird restated a “neutral” rating and issued a $118.00 target price (down from $137.00) on shares of Itron in a report on Friday, October 31st. Argus reiterated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Itron Stock Up 1.8%

Shares of NASDAQ ITRI opened at $96.24 on Friday. The firm’s 50-day moving average is $108.08 and its two-hundred day moving average is $120.23. The company has a market capitalization of $4.41 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.47 and a beta of 1.52. Itron has a 12-month low of $90.11 and a 12-month high of $142.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.91.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.06. The firm had revenue of $581.63 million during the quarter, compared to the consensus estimate of $578.49 million. Itron had a return on equity of 17.82% and a net margin of 10.69%.The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 EPS. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Equities analysts anticipate that Itron will post 5.33 EPS for the current fiscal year.

Insider Activity at Itron

In other Itron news, SVP John F. Marcolini sold 553 shares of Itron stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $53,370.03. Following the transaction, the senior vice president owned 13,843 shares in the company, valued at $1,335,987.93. This trade represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher E. Ware sold 343 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $33,102.93. Following the sale, the senior vice president owned 18,774 shares of the company’s stock, valued at approximately $1,811,878.74. The trade was a 1.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,971 shares of company stock valued at $286,731 over the last 90 days. 1.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Itron

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

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.