In a report released today, Kashy Harrison from Piper Sandler maintained a Buy rating on Itron (ITRI – Research Report), with a price target of $103.00. The company’s shares closed yesterday at $90.49.
According to TipRanks, Harrison is an analyst with an average return of -16.9% and a 34.75% success rate. Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and Itron.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Itron with a $106.33 average price target, implying a 17.50% upside from current levels. In a report released yesterday, Seaport Global also maintained a Buy rating on the stock with a $110.00 price target.
Based on Itron’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $560.77 million and a net profit of $40.17 million. In comparison, last year the company earned a revenue of $420.86 million and had a net profit of $4.12 million
Based on the recent corporate insider activity of 64 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. Last month, Thomas Deitrich, the President & CEO of ITRI bought 8,538.00 shares for a total of $299,939.94.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
