Weekly Analysts’ Ratings Updates for Itron (ITRI)

Several brokerages have updated their recommendations and price targets on shares of Itron (NASDAQ: ITRI) in the last few weeks:

• 5/6/2024 – Itron had its price target raised by analysts at Stephens from $85.00 to $110.00. They now have an “equal weight” rating on the stock.
• 5/3/2024 – Itron had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $109.00 price target on the stock, up previously from $103.00.
• 5/3/2024 – Itron had its price target raised by analysts at Oppenheimer Holdings Inc. from $100.00 to $110.00. They now have an “outperform” rating on the stock.
• 5/3/2024 – Itron had its price target raised by analysts at Canaccord Genuity Group Inc. from $105.00 to $115.00. They now have a “buy” rating on the stock.
• 5/3/2024 – Itron had its price target raised by analysts at Roth Mkm from $102.00 to $112.00. They now have a “buy” rating on the stock.
• 5/3/2024 – Itron had its price target raised by analysts at TD Cowen from $110.00 to $115.00. They now have a “buy” rating on the stock.
• 4/23/2024 – Itron had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $102.00 price target on the stock.
• 4/11/2024 – Itron had its price target lowered by analysts at Piper Sandler from $105.00 to $103.00. They now have an “overweight” rating on the stock.
• 3/13/2024 – Itron had its price target raised by analysts at Robert W. Baird from $108.00 to $115.00. They now have an “outperform” rating on the stock.
• 3/13/2024 – Itron had its price target raised by analysts at TD Cowen from $107.00 to $110.00. They now have an “outperform” rating on the stock.
• 3/13/2024 – Itron had its price target raised by analysts at JPMorgan Chase & Co. from $77.00 to $92.00. They now have a “neutral” rating on the stock.

Itron Stock Performance

NASDAQ:ITRI opened at $109.06 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.90 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $92.90 and a 200 day moving average price of $78.56. The firm has a market capitalization of $5.00 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. Itron, Inc. has a 12-month low of $56.11 and a 12-month high of $109.97.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.85 by $0.39. Itron had a return on equity of 14.51% and a net margin of 7.03%. The business had revenue of $603.44 million during the quarter, compared to the consensus estimate of $579.49 million. During the same quarter last year, the company earned $0.49 EPS. Itron’s revenue was up 22.0% on a year-over-year basis. Research analysts anticipate that Itron, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at Itron

In other Itron news, Director Jerome J. Lande sold 14,896 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $95.25, for a total value of $1,418,844.00. Following the transaction, the director now directly owns 5,750 shares in the company, valued at $547,687.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Itron news, Director Jerome J. Lande sold 14,896 shares of Itron stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $95.25, for a total value of $1,418,844.00. Following the completion of the transaction, the director now owns 5,750 shares in the company, valued at approximately $547,687.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Donald L. Reeves III sold 383 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total value of $28,866.71. Following the sale, the senior vice president now owns 8,708 shares in the company, valued at approximately $656,321.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,467 shares of company stock valued at $2,752,520. 1.45% of the stock is owned by insiders.

Hedge Funds Weigh In On Itron

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Itron by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,668,071 shares of the scientific and technical instruments company’s stock worth $343,372,000 after purchasing an additional 142,564 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Itron by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,681,573 shares of the scientific and technical instruments company’s stock worth $126,978,000 after acquiring an additional 51,874 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Itron by 16.0% during the fourth quarter. Vontobel Holding Ltd. now owns 804,648 shares of the scientific and technical instruments company’s stock valued at $60,759,000 after acquiring an additional 110,849 shares during the period. Guinness Asset Management LTD boosted its holdings in Itron by 1.9% in the third quarter. Guinness Asset Management LTD now owns 635,881 shares of the scientific and technical instruments company’s stock valued at $38,504,000 after acquiring an additional 11,983 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Itron by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 518,157 shares of the scientific and technical instruments company’s stock worth $39,126,000 after purchasing an additional 15,157 shares during the period. 96.19% of the stock is owned by institutional investors.

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.