Itron, Inc. (NASDAQ:ITRI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Itron, Inc. (NASDAQ:ITRI) have received an average rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $123.92.

ITRI has been the topic of several analyst reports. Janney Montgomery Scott assumed coverage on shares of Itron in a research note on Friday, September 27th. They set a “buy” rating and a $131.00 price target on the stock. Oppenheimer lifted their target price on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Piper Sandler increased their price target on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Friday, November 1st. TD Cowen lifted their price objective on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Roth Mkm increased their target price on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ITRI. Moody Aldrich Partners LLC lifted its holdings in Itron by 7.3% in the fourth quarter. Moody Aldrich Partners LLC now owns 43,053 shares of the scientific and technical instruments company’s stock worth $4,675,000 after acquiring an additional 2,945 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new stake in shares of Itron in the 4th quarter worth approximately $286,000. Janney Montgomery Scott LLC boosted its position in Itron by 45.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,674 shares of the scientific and technical instruments company’s stock valued at $1,810,000 after purchasing an additional 5,249 shares during the period. Merit Financial Group LLC acquired a new stake in Itron in the fourth quarter worth $301,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Itron by 78.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock valued at $660,000 after buying an additional 2,671 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Trading Down 1.1 %

Shares of ITRI opened at $106.86 on Monday. Itron has a 12 month low of $71.00 and a 12 month high of $124.90. The stock’s 50-day moving average is $111.24 and its two-hundred day moving average is $106.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The stock has a market cap of $4.82 billion, a PE ratio of 21.90, a P/E/G ratio of 0.88 and a beta of 1.47.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $615.46 million for the quarter, compared to analyst estimates of $596.41 million. During the same period in the previous year, the company posted $0.98 EPS. Itron’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts forecast that Itron will post 5.33 earnings per share for the current fiscal year.

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.