Brokerages Set Itron, Inc. (NASDAQ:ITRI) PT at $123.92

Itron, Inc. (NASDAQ:ITRI) has received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $123.92.

Several brokerages recently weighed in on ITRI. Piper Sandler upped their price objective on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. TD Cowen increased their target price on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Itron from a “buy” rating to a “strong-buy” rating in a research report on Friday. Roth Mkm increased their target price on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird increased their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.

Institutional Investors Weigh In On Itron

Institutional investors and hedge funds have recently made changes to their positions in the stock. GeoWealth Management LLC increased its stake in shares of Itron by 4,580.0% in the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 229 shares during the period. Proficio Capital Partners LLC acquired a new stake in Itron during the fourth quarter worth approximately $30,000. Continuum Advisory LLC grew its stake in 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 purchasing an additional 102 shares during the period. Quarry LP grew its stake in Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 102 shares during the period. Finally, Covestor Ltd grew its stake in Itron by 26.1% during the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Price Performance

Shares of ITRI stock opened at $97.69 on Friday. 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 $73.64 and a twelve month high of $124.90. The company has a market cap of $4.40 billion, a P/E ratio of 20.02, a P/E/G ratio of 0.81 and a beta of 1.46. The business has a fifty day simple moving average of $105.96 and a 200 day simple moving average of $106.74.

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.