Itron, Inc. (NASDAQ:ITRI) Receives $127.64 Consensus Target Price from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $127.64.

Several analysts recently issued reports on ITRI shares. Oppenheimer upped their price objective on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. StockNews.com cut shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Piper Sandler boosted their target price on shares of Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Guggenheim decreased their target price on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Canaccord Genuity Group boosted their target price on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 26th.

Insider Transactions at Itron

In related news, SVP Christopher E. Ware sold 648 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the sale, the senior vice president now directly owns 20,326 shares of the company’s stock, valued at $1,888,285.40. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Marshall Wright sold 317 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $29,449.30. Following the sale, the chief accounting officer now directly owns 8,108 shares in the company, valued at approximately $753,233.20. The trade was a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,037 shares of company stock worth $385,815. 1.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Itron

Several large investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its stake in Itron by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock worth $2,367,000 after buying an additional 100 shares during the period. Quarry LP increased its stake in Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares during the period. Continuum Advisory LLC increased its stake in Itron by 42.1% during the 3rd 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 during the period. Stifel Financial Corp increased its position in shares of Itron by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 108 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of 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 last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Up 1.9 %

Shares of NASDAQ ITRI opened at $106.55 on Tuesday. Itron has a 12-month low of $86.45 and a 12-month high of $124.90. The stock has a market cap of $4.81 billion, a PE ratio of 21.83, a P/E/G ratio of 0.81 and a beta of 1.49. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average of $104.01 and a 200 day moving average of $107.51.

About Itron

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.