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

Itron, Inc. (NASDAQ:ITRI) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $123.92.

A number of research firms have commented on ITRI. TD Cowen boosted 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, November 1st. Oppenheimer boosted their price target on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Guggenheim upped their target price on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. 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, November 1st. Finally, Roth Mkm increased their price target on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Itron Price Performance

Shares of Itron stock opened at $98.07 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The firm’s 50-day simple moving average is $106.86 and its 200-day simple moving average is $106.89. Itron has a twelve month low of $73.64 and a twelve month high of $124.90. The firm has a market cap of $4.42 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 0.88 and a beta of 1.46.

Institutional Investors Weigh In On Itron

A number of hedge funds and other institutional investors have recently made changes to their positions in ITRI. Norges Bank acquired a new stake in shares of Itron during the fourth quarter worth $64,615,000. Erste Asset Management GmbH bought a new position in Itron in the third quarter valued at $38,534,000. Bowen Hanes & Co. Inc. bought a new position in Itron in the fourth quarter valued at $27,486,000. Raiffeisen Bank International AG bought a new position in Itron in the fourth quarter valued at $27,619,000. Finally, Assenagon Asset Management S.A. grew its position in Itron by 90.7% in the third quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock valued at $54,658,000 after purchasing an additional 243,355 shares in the last quarter. 96.19% of the stock is currently 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.