Roth Mkm Boosts Itron (NASDAQ:ITRI) Price Target to $130.00

Itron (NASDAQ:ITRI) had its price objective hoisted by stock analysts at Roth Mkm from $125.00 to $130.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the scientific and technical instruments company’s stock. Roth Mkm’s target price would indicate a potential upside of 16.27% from the company’s current price.

Other equities analysts have also issued research reports about the company. Stephens reissued an “equal weight” rating and set a $110.00 price objective on shares of Itron in a research note on Monday, August 5th. Guggenheim raised shares of Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Thursday, July 11th. Piper Sandler lifted their target price on shares of Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird increased their price target on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Cowen lifted their price target on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.50.

Itron Stock Up 0.0 %

NASDAQ ITRI opened at $111.81 on Friday. Itron has a one year low of $58.88 and a one year high of $116.39. The company has a market cap of $5.03 billion, a P/E ratio of 22.91, a P/E/G ratio of 0.94 and a beta of 1.46. The business has a fifty day moving average price of $103.88 and a 200 day moving average price of $102.57. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.61 and a current ratio of 3.36.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results 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 firm had revenue of $615.46 million for the quarter, compared to analyst estimates of $596.41 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. Itron’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. Research analysts anticipate that Itron will post 4.58 EPS for the current fiscal year.

Insider Activity at Itron

In other news, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total transaction of $425,210.00. Following the sale, the senior vice president now owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total value of $3,931,125.00. Following the sale, the chief executive officer now owns 205,276 shares of the company’s stock, valued at $21,519,083.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,276 shares of company stock worth $4,515,846 in the last three months. 1.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new stake in shares of Itron during the 1st quarter worth $1,076,000. Sequoia Financial Advisors LLC acquired a new position in shares of Itron during the 1st quarter worth about $1,228,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Itron by 10.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,697 shares of the scientific and technical instruments company’s stock valued at $10,242,000 after acquiring an additional 10,716 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Itron during the 1st quarter worth about $346,000. Finally, Jennison Associates LLC lifted its stake in Itron by 19.3% during the first quarter. Jennison Associates LLC now owns 5,625 shares of the scientific and technical instruments company’s stock worth $520,000 after purchasing an additional 909 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

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.