Itron Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)

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Itron ITRI underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

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

Analysts have recently evaluated Itron and provided 12-month price targets. The average target is $77.0, accompanied by a high estimate of $91.00 and a low estimate of $68.00. Observing a 7.69% increase, the current average has risen from the previous average price target of $71.50.

Decoding Analyst Ratings: A Detailed Look

A clear picture of Itron's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Noah Kaye Oppenheimer Announces Outperform $81.00 -
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

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Itron. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Itron compared to the broader market.
  • Price Targets: Analysts predict movements in price targets, offering estimates for Itron's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

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.

Delving into Itron's Background

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.

Itron: Financial Performance Dissected

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

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. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.16%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Itron's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.29% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Itron's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.6%, the company showcases efficient use of assets and strong financial health.

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.

The Significance of Analyst Ratings Explained

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

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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