Last Updated: 10 Nov 2024
Executive Summary
Itron Inc. (ITRI) is a leading provider of end-to-end solutions for energy, water, and smart city management. With a strong financial position and a commitment to innovation, the company is well-positioned for continued growth. The stock is currently trading at $123.73, below its 52-week high of $124.72. Analysts are bullish on the stock, with a consensus target price of $127.
Company Overview
Itron was founded in 1977 and is headquartered in Liberty Lake, Washington. The company has a global presence, with operations in over 100 countries. Itron's solutions enable utilities and municipalities to manage their energy and water resources more efficiently and effectively. The company's products and services include smart meters, data analytics, and software solutions.
Fundamental Analysis
Itron has a strong financial position, with revenue growing by 9.8% year-over-year to $2.4 billion in the latest quarter. The company's EBITDA margin is 11.9%, and its net income margin is 9.4%. Itron has a strong balance sheet, with $1.2 billion in cash and equivalents and no long-term debt.
The company's earnings per share (EPS) is $4.90, and its price-to-earnings (PE) ratio is 25.25. Itron's PEG ratio is 1.008, which indicates that the stock is fairly valued. The company's book value is $29.95, and its price-to-book (PB) ratio is 4.111.
Technical Analysis
Itron's stock price has been in a steady uptrend since the beginning of the year. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is 65.24, which indicates that the stock is overbought.
Short Term Outlook
In the short term, Itron's stock price is likely to continue to trade in a range between $120 and $125. The stock could see a pullback if the overall market declines. However, the company's strong fundamentals and positive analyst sentiment should provide support for the stock price.
Long Term Outlook
In the long term, Itron is well-positioned for continued growth. The company is a leader in the smart grid and smart water markets, and it is benefiting from the increasing demand for these technologies. Itron's strong financial position and commitment to innovation should allow the company to continue to grow its market share and deliver value for shareholders.
Analyst Recommendations
Analysts are bullish on Itron's stock. The consensus target price is $127, which represents a potential upside of 2.6% from the current price. Four analysts have a "Strong Buy" rating on the stock, six have a "Buy" rating, five have a "Hold" rating, and none have a "Sell" or "Strong Sell" rating.
