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

Itron, Inc. (NASDAQ:ITRI) has received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $123.92.

A number of equities analysts have recently commented on ITRI shares. TD Cowen raised their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler lifted their price objective on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Oppenheimer increased their target price on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Roth Mkm boosted their price target on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Guggenheim increased their price objective on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Institutional Trading of Itron

Hedge funds have recently modified their holdings of the stock. Moody Aldrich Partners LLC lifted its holdings 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 in the last quarter. Mount Yale Investment Advisors LLC bought a new position in Itron in the fourth quarter valued at about $286,000. Janney Montgomery Scott LLC increased its position in Itron by 45.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,674 shares of the scientific and technical instruments company’s stock worth $1,810,000 after purchasing an additional 5,249 shares during the period. Merit Financial Group LLC bought a new stake in Itron during the 4th quarter worth about $301,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Itron by 78.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock valued at $660,000 after purchasing an additional 2,671 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $106.86 on Monday. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 0.88 and a beta of 1.47. The business has a 50 day moving average price of $111.24 and a 200 day moving average price of $106.94. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. Itron has a twelve month low of $71.00 and a twelve month high of $124.90.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. The firm had revenue of $615.46 million during the quarter, compared to analysts’ expectations of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. Research analysts predict 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.