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

Shares of Itron, Inc. (NASDAQ:ITRI - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $127.64.

A number of research analysts have commented on the stock. Piper Sandler increased their price target on shares of Itron from $119.00 to $124.00 and gave the company a "neutral" rating 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 stock an "outperform" rating in a report on Wednesday, February 26th. StockNews.com cut shares of Itron from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 1st. Canaccord Genuity Group raised their target price on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Guggenheim cut 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.

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Insider Buying and Selling

In other news, Director Mary C. Hemmingsen sold 750 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the sale, the director now owns 5,630 shares in the company, valued at approximately $603,930.10. The trade was a 11.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the business's stock in a transaction 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 owns 20,326 shares in the company, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,037 shares of company stock valued at $385,815 over the last quarter. 1.45% of the stock is owned by company insiders.

Institutional Trading of Itron

Hedge funds have recently modified their holdings of the business. GeoWealth Management LLC boosted its holdings in shares of Itron by 4,580.0% during the 4th 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 in the last quarter. Continuum Advisory LLC boosted its holdings in shares of Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock valued at $40,000 after buying an additional 102 shares in the last quarter. Quarry LP boosted its holdings in shares of Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 102 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock valued at $57,000 after buying an additional 111 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of Itron by 25.5% during the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock valued at $67,000 after buying an additional 125 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Itron Price Performance

Shares of ITRI stock traded up $0.78 during trading on Tuesday, hitting $103.91. The company had a trading volume of 464,515 shares, compared to its average volume of 525,036. Itron has a 52 week low of $86.13 and a 52 week high of $124.90. 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 stock's 50-day moving average is $104.27 and its two-hundred day moving average is $107.39. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49.

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.