Itron, Inc. (NASDAQ:ITRI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $123.92.
Several research firms have recently weighed in on ITRI. Roth Mkm raised 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. Guggenheim increased their price objective on Itron from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. TD Cowen upped their price target on Itron from $125.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Oppenheimer boosted their price target on shares of Itron from $120.00 to $124.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Robert W. Baird boosted 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.
Check Out Our Latest Report on ITRI
Insider Buying and Selling at Itron
In other news, CEO Thomas Deitrich sold 37,500 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total value of $3,931,125.00. Following the completion of the transaction, the chief executive officer now owns 205,276 shares in the company, valued at approximately $21,519,083.08. This represents a 15.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.45% of the stock is owned by insiders.
Institutional Investors Weigh In On Itron
A number of institutional investors and hedge funds have recently bought and sold shares of ITRI. Principal Financial Group Inc. increased its position in Itron by 4.5% during the third quarter. Principal Financial Group Inc. now owns 248,077 shares of the scientific and technical instruments company's stock worth $26,497,000 after buying an additional 10,677 shares during the period. Franklin Resources Inc. grew its position in shares of Itron by 611.9% during the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company's stock worth $31,128,000 after acquiring an additional 243,102 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Itron by 454.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,862 shares of the scientific and technical instruments company's stock valued at $1,481,000 after acquiring an additional 11,363 shares during the period. Virtue Capital Management LLC raised its position in Itron by 2.2% in the 3rd quarter. Virtue Capital Management LLC now owns 7,830 shares of the scientific and technical instruments company's stock valued at $836,000 after purchasing an additional 168 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in Itron during the 3rd quarter worth $350,000. 96.19% of the stock is owned by hedge funds and other institutional investors.
Itron Stock Performance
Shares of ITRI traded down $0.09 during trading hours on Thursday, hitting $110.36. The stock had a trading volume of 122,610 shares, compared to its average volume of 512,802. The firm has a 50-day moving average price of $113.22 and a 200 day moving average price of $105.99. Itron has a fifty-two week low of $67.21 and a fifty-two week high of $124.90. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 0.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.
Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.71. The business had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. The company's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, research analysts anticipate that Itron will post 5.33 EPS for the current year.
About Itron
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Get Free ReportItron, 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.
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