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

Shares of Itron, Inc. (NASDAQ:ITRI) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $123.92.

Several brokerages have issued reports on ITRI. Janney Montgomery Scott assumed coverage on shares of Itron in a research note on Friday, September 27th. They issued a “buy” rating and a $131.00 price target on the stock. Roth Mkm upped their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird raised their price target on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler upped their price objective on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, TD Cowen raised their target price on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Institutional Investors Weigh In On Itron

Several hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC lifted its holdings in shares of Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 102 shares in the last quarter. Quarry LP raised its stake in Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 122 shares in the last quarter. Covestor Ltd boosted its holdings in Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares during the period. Farther Finance Advisors LLC grew its position in shares of Itron by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 129 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Itron during the third quarter worth approximately $103,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Price Performance

Shares of NASDAQ ITRI opened at $109.24 on Thursday. The company has a fifty day moving average price of $113.55 and a 200 day moving average price of $106.01. Itron has a 1-year low of $67.21 and a 1-year high of $124.90. The firm has a market cap of $4.93 billion, a PE ratio of 22.39, a PEG ratio of 0.84 and a beta of 1.46. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. During the same period last year, the company earned $0.98 earnings per share. Itron’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts predict that Itron will post 5.33 earnings per share for the current fiscal 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.