Brokerages Set Itron, Inc. (NASDAQ:ITRI) PT at $127.36

Itron, Inc. (NASDAQ:ITRI) has earned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $127.36.

ITRI has been the subject of several research reports. Oppenheimer increased their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Piper Sandler reduced their target price on shares of Itron from $124.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Guggenheim restated a “buy” rating and set a $133.00 target price on shares of Itron in a report on Thursday, April 17th. Canaccord Genuity Group increased their target price on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Wall Street Zen upgraded shares of Itron from a “hold” rating to a “buy” rating in a report on Saturday.

Insider Buying and Selling at Itron

In related news, Director Mary C. Hemmingsen sold 5,150 shares of Itron stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $108.70, for a total transaction of $559,805.00. Following the sale, the director now directly owns 952 shares of the company’s stock, valued at approximately $103,482.40. The trade was a 84.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.51% of the company’s stock.

Institutional Investors Weigh In On Itron

Several hedge funds and other institutional investors have recently made changes to their positions in ITRI. Merit Financial Group LLC bought a new stake in shares of Itron during the 4th quarter valued at approximately $301,000. Janney Montgomery Scott LLC grew its holdings in shares of Itron by 45.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,674 shares of the scientific and technical instruments company’s stock valued at $1,810,000 after purchasing an additional 5,249 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new stake in shares of Itron during the 4th quarter valued at approximately $286,000. Moody Aldrich Partners LLC boosted its position in Itron by 7.3% during the 4th quarter. Moody Aldrich Partners LLC now owns 43,053 shares of the scientific and technical instruments company’s stock worth $4,675,000 after buying an additional 2,945 shares during the period. Finally, Hager Investment Management Services LLC acquired a new stake in Itron during the 4th quarter worth approximately $67,000. 96.19% of the stock is owned by institutional investors.

Itron Trading Up 2.5%

ITRI opened at $115.50 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31. The firm has a 50 day simple moving average of $106.44 and a 200 day simple moving average of $107.77. Itron has a fifty-two week low of $90.11 and a fifty-two week high of $124.90.

Itron (NASDAQ:ITRI) last issued its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.30 by $0.22. Itron had a net margin of 9.37% and a return on equity of 19.03%. The firm had revenue of $607.15 million during the quarter, compared to the consensus estimate of $608.86 million. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Itron will post 5.33 earnings per share for the current year.

Itron Company Profile

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.