Itron, Inc. (NASDAQ:ITRI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Itron, Inc. (NASDAQ:ITRI) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $137.10.

A number of research firms have recently weighed in on ITRI. Oppenheimer boosted their price target on Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Johnson Rice upgraded Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Monday, January 5th. Robert W. Baird set a $128.00 target price on shares of Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings lowered shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Needham & Company LLC assumed coverage on shares of Itron in a research note on Friday, March 6th. They set a “buy” rating and a $124.00 price target on the stock.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 3,533 shares of Itron stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $95.92, for a total value of $338,885.36. Following the completion of the sale, the chief financial officer directly owned 118,275 shares of the company’s stock, valued at approximately $11,344,938. The trade was a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Marshall Wright sold 264 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $100.17, for a total value of $26,444.88. Following the completion of the transaction, the chief accounting officer owned 9,124 shares of the company’s stock, valued at $913,951.08. This trade represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,180 shares of company stock valued at $5,085,475 in the last 90 days. Insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. purchased a new stake in Itron in the 4th quarter valued at about $12,864,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Itron by 18.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,787 shares of the scientific and technical instruments company’s stock worth $259,000 after acquiring an additional 441 shares during the period. XTX Topco Ltd acquired a new stake in shares of Itron in the fourth quarter worth approximately $1,032,000. Voloridge Investment Management LLC boosted its position in shares of Itron by 164.1% in the fourth quarter. Voloridge Investment Management LLC now owns 197,536 shares of the scientific and technical instruments company’s stock worth $18,343,000 after acquiring an additional 122,733 shares during the last quarter. Finally, Symmetry Investments LP purchased a new stake in Itron in the fourth quarter valued at approximately $3,334,000. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Stock Down 1.5%

Shares of NASDAQ ITRI opened at $91.28 on Friday. The firm’s 50-day moving average is $96.73 and its two-hundred day moving average is $105.73. The company has a market capitalization of $4.10 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. Itron has a 12-month low of $88.57 and a 12-month high of $142.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business had revenue of $571.66 million during the quarter, compared to analysts’ expectations of $561.31 million. During the same period last year, the company posted $1.35 EPS. The company’s revenue was down 6.7% on a year-over-year basis. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Equities analysts anticipate that Itron will post 5.33 EPS for the current fiscal year.

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.