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

Itron (NASDAQ:ITRI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

ITRI has been the topic of several other research reports. JPMorgan Chase & Co. lifted 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. Argus reaffirmed a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Itron in a research report on Monday, December 15th. Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research note on Monday, November 3rd. Finally, Zacks Research lowered Itron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.00.

Itron Stock Performance

ITRI opened at $96.24 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.47 and a beta of 1.52. The company’s fifty day moving average price is $108.08 and its two-hundred day moving average price is $120.23. Itron has a 1-year low of $90.11 and a 1-year high of $142.00. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46.

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

Insider Buying and Selling

In other Itron news, SVP John F. Marcolini sold 553 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $53,370.03. Following the completion of the sale, the senior vice president directly owned 13,843 shares in the company, valued at $1,335,987.93. This represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Donald L. Reeves III sold 536 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $51,729.36. Following the sale, the senior vice president directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,971 shares of company stock valued at $286,731 in the last three months. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Itron

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