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

Itron, Inc. (NASDAQ:ITRI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $127.64.

A number of research firms have issued reports on ITRI. Piper Sandler increased their price objective on Itron from $119.00 to $124.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Guggenheim lowered their price target on shares of Itron from $135.00 to $133.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Oppenheimer raised their target price 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 Itron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st. Finally, Canaccord Genuity Group upped their price target on Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th.

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Insider Transactions at Itron

In other news, Director Mary C. Hemmingsen sold 750 shares of Itron stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total value of $80,452.50. Following the completion of the sale, the director now directly owns 5,630 shares in the company, valued at $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David Marshall Wright sold 317 shares of the 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 $29,449.30. Following the transaction, the chief accounting officer now owns 8,108 shares in the company, valued at approximately $753,233.20. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,037 shares of company stock worth $385,815 over the last quarter. 1.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Itron

Institutional investors and hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its position in Itron by 0.5% in the fourth 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 purchasing an additional 100 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Itron by 42.1% in the 3rd 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 boosted its holdings in shares of Itron by 29.0% in the third 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 last quarter. Stifel Financial Corp grew its position in Itron by 2.2% during the third quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company's stock valued at $526,000 after buying an additional 108 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in Itron by 6.1% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company's stock valued at $237,000 after buying an additional 125 shares during the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Stock Up 8.1 %

Shares of NASDAQ:ITRI traded up $7.49 during trading on Friday, hitting $99.53. The stock had a trading volume of 956,142 shares, compared to its average volume of 565,387. The company has a market capitalization of $4.54 billion, a PE ratio of 20.40, a PEG ratio of 0.81 and a beta of 1.39. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The firm's fifty day moving average is $102.73 and its 200 day moving average is $107.61. Itron has a 12 month low of $88.87 and a 12 month high of $124.90.

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.