Itron, Inc. (NASDAQ:ITRI) Stock Has Average Price Target of $131.33

Shares of Itron, Inc. (NASDAQ:ITRI) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $131.33.

Several equities analysts have recently weighed in on ITRI shares. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Robert W. Baird set a $125.00 price objective on shares of Itron in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Itron from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Seaport Research Partners reissued a “buy” rating and set a $150.00 target price on shares of Itron in a research note on Wednesday, July 29th. Finally, Needham & Company LLC increased their target price on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan Hooper sold 4,406 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $98.86, for a total value of $435,577.16. Following the transaction, the chief financial officer owned 117,113 shares of the company’s stock, valued at approximately $11,577,791.18. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald Reeves, III sold 329 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,501.91. Following the completion of the transaction, the senior vice president directly owned 27,945 shares in the company, valued at $2,760,686.55. This represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 17,903 shares of company stock worth $1,753,521. 1.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Itron

A number of hedge funds have recently modified their holdings of ITRI. PenderFund Capital Management Ltd. purchased a new position in Itron in the 2nd quarter worth about $35,000. Integrated Wealth Concepts LLC purchased a new stake in Itron during the second quarter valued at about $36,000. Quantbot Technologies LP purchased a new stake in Itron during the second quarter valued at about $36,000. Public Employees Retirement System of Ohio purchased a new stake in Itron during the second quarter valued at about $48,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Itron by 37.9% in the third quarter. Farther Finance Advisors LLC now owns 640 shares of the scientific and technical instruments company’s stock worth $55,000 after buying an additional 176 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Performance

Shares of Itron stock opened at $85.58 on Wednesday. The business has a fifty day simple moving average of $95.17 and a 200-day simple moving average of $89.32. Itron has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%. The firm had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. During the same period in the previous year, the company earned $1.62 earnings per share. Itron’s revenue was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, equities analysts forecast that Itron will post 6.41 EPS for the current fiscal year.

About Itron

Itron, Inc (NASDAQ: ITRI) provides technology and services that help utilities and cities manage electricity, natural gas, and water resources. Its solutions are designed to improve the measurement, collection, and analysis of usage data while supporting grid modernization, operational efficiency, and resource conservation.

The company’s offerings include smart meters, advanced metering infrastructure, communications networks, sensors, data-management software, and analytics platforms.