Itron, Inc. (NASDAQ:ITRI) Receives $123.92 Average PT from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $123.92.

ITRI has been the topic of a number of research reports. TD Cowen increased their price objective on shares of Itron from $125.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Robert W. Baird increased their price objective on shares of Itron from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. StockNews.com cut shares of Itron from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Guggenheim increased their price objective on shares of Itron from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Piper Sandler increased their price objective on shares of Itron from $110.00 to $119.00 and gave the company a "neutral" rating in a research note on Friday, November 1st.

Itron Price Performance

Shares of ITRI traded down $1.67 during trading hours on Friday, reaching $97.00. The company had a trading volume of 721,743 shares, compared to its average volume of 384,165. The firm has a 50 day simple moving average of $106.86 and a 200-day simple moving average of $106.89. 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 market capitalization of $4.37 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 0.88 and a beta of 1.46. Itron has a 12-month low of $73.64 and a 12-month high of $124.90.

Institutional Investors Weigh In On Itron

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Itron by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company's stock worth $114,835,000 after acquiring an additional 5,630 shares during the period. First Trust Advisors LP lifted its holdings in shares of Itron by 9.1% during the 4th quarter. First Trust Advisors LP now owns 802,584 shares of the scientific and technical instruments company's stock worth $87,145,000 after acquiring an additional 66,637 shares during the period. Norges Bank purchased a new position in shares of Itron during the 4th quarter worth about $64,615,000. Northern Trust Corp lifted its holdings in shares of Itron by 11.4% during the 4th quarter. Northern Trust Corp now owns 572,266 shares of the scientific and technical instruments company's stock worth $62,137,000 after acquiring an additional 58,546 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Itron by 21.5% during the 4th quarter. Nuveen Asset Management LLC now owns 560,478 shares of the scientific and technical instruments company's stock worth $60,857,000 after acquiring an additional 99,142 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

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.