Itron Stock: A Deep Dive Into Analyst Perspectives (8 Ratings)

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Analysts have provided the following ratings for Itron ITRI within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 1 4 1 0
Last 30D 0 1 0 0 0
1M Ago 1 0 2 0 0
2M Ago 0 0 1 0 0
3M Ago 1 0 1 1 0

Within the last quarter, 8 analysts provided 12-month price targets for Itron. The average target is $74.62, with a high estimate of $91.00 and a low estimate of $65.00.

Discover a summary of 8 analysts' ratings for Itron over the last 3 months. Increased bullish ratings indicate a positive sentiment, while increased bearish ratings signal a negative outlook.

This upward trend is evident, with the current average reflecting a 7.37% increase from the previous average price target of $69.50.

Deciphering Analyst Ratings: An In-Depth Analysis

Embark on a journey into the analyses of financial experts and analysts, featuring a detailed breakdown of their recent assessments for Itron. Our Ratings Table below provides a comprehensive overview of the moves made by key analysts, their present ratings, and price targets. Understanding the perceptions of these experts towards the company can unveil valuable insights into possible market trends and investor sentiment.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Kashy Harrison Piper Sandler Raises Overweight $91.00 $72.00
Paul Coster JP Morgan Announces Neutral $68.00 -
Chip Moore Roth MKM Announces Buy $82.00 -
Austin Moeller Canaccord Genuity Announces Hold $68.00 -
Kashy Harrison Piper Sandler Raises Neutral $72.00 $71.00
Paul Coster JP Morgan Lowers Underweight $65.00 $72.00
Kashy Harrison Piper Sandler Raises Neutral $71.00 $63.00
Scott Graham Seaport Global Announces Buy $80.00 -

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Itron. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Itron compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Itron's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Itron analyst ratings.

Discovering Itron: A Closer Look

Itron Inc provides solutions that measure, manage and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems.The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability.

Understanding the Numbers: Itron's Finances

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Itron displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 33.24%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Itron's net margin excels beyond industry benchmarks, reaching 7.16%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Itron's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.29%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Itron's ROA stands out, surpassing industry averages. With an impressive ROA of 1.6%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.39, Itron adopts a prudent financial strategy, indicating a balanced approach to debt management.

Analyst Ratings: What Are They?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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