Itron, Inc. (NASDAQ:ITRI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $138.10.

Several brokerages recently weighed in on ITRI. JPMorgan Chase & Co. boosted their target price on Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Itron in a research note on Monday, December 29th. Argus reissued a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Finally, Oppenheimer set a $145.00 price target on shares of Itron and gave the stock an “outperform” rating in a report on Friday, October 31st.

Itron Trading Up 0.9%

NASDAQ ITRI opened at $99.31 on Monday. Itron has a 52 week low of $90.11 and a 52 week high of $142.00. The company has a 50 day moving average price of $97.95 and a 200 day moving average price of $117.36. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.55 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.49.

Itron (NASDAQ:ITRI) last announced 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. The company had revenue of $581.63 million during the quarter, compared to the consensus estimate of $578.49 million. Itron had a net margin of 10.69% and a return on equity of 17.82%. Itron’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. As a group, sell-side analysts forecast that Itron will post 5.33 EPS for the current fiscal year.

Insider Transactions at Itron

In other news, SVP Justin K. Patrick sold 379 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $36,577.29. Following the transaction, the senior vice president directly owned 20,382 shares of the company’s stock, valued at approximately $1,967,066.82. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John F. Marcolini sold 553 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 value of $53,370.03. Following the completion of the transaction, the senior vice president owned 13,843 shares of the company’s stock, valued at approximately $1,335,987.93. The trade was a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,971 shares of company stock worth $286,731 over the last 90 days. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Itron

Several hedge funds and other institutional investors have recently bought and sold shares of ITRI. Oliver Luxxe Assets LLC lifted its stake in Itron by 0.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 24,960 shares of the scientific and technical instruments company’s stock valued at $2,318,000 after acquiring an additional 127 shares during the period. Green Alpha Advisors LLC raised its holdings in shares of Itron by 9.6% during the fourth quarter. Green Alpha Advisors LLC now owns 5,790 shares of the scientific and technical instruments company’s stock worth $538,000 after purchasing an additional 508 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of Itron by 3.0% during the fourth quarter. Davis Investment Partners LLC now owns 5,163 shares of the scientific and technical instruments company’s stock worth $488,000 after purchasing an additional 150 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in Itron during the third quarter valued at $226,000. Finally, Tudor Investment Corp ET AL boosted its holdings in Itron by 47.2% in the third quarter. Tudor Investment Corp ET AL now owns 274,644 shares of the scientific and technical instruments company’s stock valued at $34,210,000 after purchasing an additional 88,029 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Company Profile

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.