Itron (NASDAQ:ITRI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Itron (NASDAQ:ITRI) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.

Several other analysts have also recently weighed in on the company. Oppenheimer boosted their price target on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Guggenheim boosted their target price on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Roth Mkm lifted their price target on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen increased their price objective on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Trading Up 1.6 %

NASDAQ ITRI opened at $106.69 on Wednesday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. Itron has a twelve month low of $71.26 and a twelve month high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The business’s fifty day moving average is $109.52 and its 200 day moving average is $107.04.

Institutional Trading of Itron

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC boosted its position in shares of Itron by 105.9% during the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock valued at $2,077,000 after purchasing an additional 10,001 shares in the last quarter. Geode Capital Management LLC lifted its stake in Itron by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock valued at $114,835,000 after buying an additional 5,630 shares during the period. Beacon Harbor Wealth Advisors Inc. acquired a new position in Itron in the third quarter valued at approximately $5,994,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Itron by 78.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock worth $660,000 after buying an additional 2,671 shares in the last quarter. Finally, Perpetual Ltd grew its position in shares of Itron by 10.1% during the 3rd quarter. Perpetual Ltd now owns 88,126 shares of the scientific and technical instruments company’s stock worth $9,413,000 after buying an additional 8,102 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.