Itron, Inc. (NASDAQ:ITRI) Receives $131.22 Consensus Target Price from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $131.2222.

ITRI has been the subject of several analyst reports. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. Roth Mkm reiterated a “buy” rating and issued a $136.00 price target on shares of Itron in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Finally, Oppenheimer upped their target price on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th.

Itron Stock Performance

ITRI stock opened at $84.49 on Monday. Itron has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.75 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 0.76 and a beta of 1.32. The business’s fifty day moving average is $82.95 and its 200-day moving average is $91.09.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The business had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities research analysts forecast that Itron will post 6.01 EPS for the current year.

Insider Activity at Itron

In related news, SVP John F. Marcolini sold 322 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $27,167.14. Following the sale, the senior vice president owned 24,689 shares of the company’s stock, valued at approximately $2,083,010.93. This trade represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the transaction, the chief financial officer directly owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. The trade was a 0.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 3,946 shares of company stock worth $324,420 in the last quarter. Corporate insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Itron

Large investors have recently made changes to their positions in the stock. Private Trust Co. NA raised its holdings in shares of Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 145 shares during the period. Employees Retirement System of Texas bought a new position in Itron during the 3rd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in Itron by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Itron in the 3rd quarter valued at about $44,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Itron in the 3rd quarter valued at about $49,000. 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.