Piper Sandler analyst Kashy Harrison reiterated a Buy rating on Itron (ITRI – Research Report) today and set a price target of $105.00. The company’s shares closed yesterday at $91.46.
Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and Itron. According to TipRanks, Harrison has an average return of -19.4% and a 30.63% success rate on recommended stocks.
Currently, the analyst consensus on Itron is a Strong Buy with an average price target of $99.50, representing an 8.79% upside. In a report released today, Robert W. Baird also upgraded the stock to a Buy with a $108.00 price target.
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ITRI market cap is currently $3.41B and has a P/E ratio of 43.44.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ITRI in relation to earlier this year.
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Itron (ITRI) Company Description:
Itron, Inc. is a technology and services company, which engages in the provision of solutions that measure, manage, and analyze energy and water use. It operates through the following segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment includes hardware products used for measurement, control, or sensing that do not have communications capability embedded for use with its broader Itron systems. The Networked Solutions segment offers a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution for acquiring and transporting robust application-specific data. The Outcomes segment consist of the firm’s value-added, enhanced software and services operating segment in which it manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. The company was founded in 1977 and is headquartered in Liberty Lake, WA.
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