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

Shares of Itron, Inc. (NASDAQ:ITRI) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $131.2222.

Several analysts have recently weighed in on the stock. Robert W. Baird set a $128.00 price objective on shares of Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Roth Mkm restated a “buy” rating and set a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. TD Cowen lowered their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Guggenheim set a $155.00 price objective on shares of Itron in a research report on Friday, February 13th.

Insider Activity at Itron

In related news, SVP John F. Marcolini sold 322 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $37,291.54. Following the transaction, the chief financial officer directly owned 117,478 shares in the company, valued at approximately $9,911,618.86. This represents a 0.37% decrease in their position. 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. In the last 90 days, insiders have sold 3,946 shares of company stock valued at $324,420. Insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Itron

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 81 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 valued at $41,000 after purchasing an additional 101 shares during the last quarter. Xponance Inc. grew its holdings in shares of Itron by 3.2% during the 3rd quarter. Xponance Inc. now owns 3,757 shares of the scientific and technical instruments company’s stock valued at $468,000 after purchasing an additional 115 shares during the last quarter. Impact Partnership Wealth LLC grew its holdings in shares of Itron by 4.7% during the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock valued at $239,000 after purchasing an additional 119 shares during the last quarter. Finally, Xponance LLC grew its holdings in shares of Itron by 3.2% during the 4th quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock valued at $360,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Itron stock opened at $80.07 on Thursday. The firm’s fifty day moving average price is $86.67 and its 200-day moving average price is $93.06. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The stock has a market cap of $3.55 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 0.70 and a beta of 1.33. Itron has a fifty-two week low of $77.77 and a fifty-two week high of $142.00.

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

About Itron

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.