Wall Street Zen Downgrades Itron (NASDAQ:ITRI) to Hold

Itron (NASDAQ:ITRI) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other research analysts have also issued research reports about the company. Oppenheimer set a $145.00 target price on Itron and gave the company an “outperform” rating in a report on Friday, October 31st. Argus reaffirmed a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Robert W. Baird reiterated a “neutral” rating and issued a $118.00 target price (down from $137.00) on shares of Itron in a research note on Friday, October 31st. Baird R W cut shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $138.10.

Itron Trading Up 2.6%

Shares of ITRI opened at $100.91 on Wednesday. Itron has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The business has a 50-day moving average of $97.33 and a 200 day moving average of $116.45. The firm has a market cap of $4.62 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17.

Itron (NASDAQ:ITRI) last issued its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06. Itron had a net margin of 10.69% and a return on equity of 17.82%. The business had revenue of $581.63 million for the quarter, compared to analysts’ expectations of $578.49 million. During the same quarter in the previous year, the firm posted $1.84 EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. As a group, research analysts forecast that Itron will post 5.33 EPS for the current year.

Insider Buying and Selling

In other Itron news, CFO Joan S. Hooper sold 948 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $91,491.48. Following the completion of the sale, the chief financial officer owned 87,446 shares in the company, valued at approximately $8,439,413.46. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donald L. Reeves III sold 536 shares of Itron stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $51,729.36. Following the completion of the transaction, the senior vice president directly owned 19,068 shares in the company, valued at approximately $1,840,252.68. The trade was a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,971 shares of company stock worth $286,731 in the last 90 days. 1.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Itron

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its stake in shares of Itron by 52.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock valued at $163,000 after purchasing an additional 427 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Itron by 23.6% in the second quarter. Schroder Investment Management Group now owns 376,087 shares of the scientific and technical instruments company’s stock worth $49,504,000 after buying an additional 71,702 shares during the last quarter. Arvin Capital Management LP bought a new stake in Itron during the second quarter valued at approximately $8,331,000. Wolverine Asset Management LLC purchased a new stake in Itron during the second quarter valued at approximately $377,000. Finally, Prospera Financial Services Inc purchased a new stake in Itron during the second quarter valued at approximately $448,000. Institutional investors own 96.19% of the company’s stock.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.