StockNews.com Upgrades Itron (NASDAQ:ITRI) to Strong-Buy

StockNews.com upgraded shares of Itron (NASDAQ:ITRI) from a buy rating to a strong-buy rating in a report released on Friday.

A number of other equities analysts have also recently weighed in on ITRI. TD Cowen increased their price target on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Roth Mkm increased their price target on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer increased 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. Robert W. Baird increased their price target on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Guggenheim increased their price target on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.92.

Itron Price Performance

NASDAQ:ITRI opened at $93.94 on Friday. Itron has a 52 week low of $73.64 and a 52 week high of $124.90. The stock’s fifty day moving average is $105.60 and its two-hundred day moving average is $106.86. The company has a market capitalization of $4.24 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.81 and a beta of 1.46. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

Institutional Investors Weigh In On Itron

A number of hedge funds have recently bought and sold shares of the stock. GTS Securities LLC acquired a new stake in Itron in the 4th quarter valued at about $288,000. Vise Technologies Inc. raised its position in Itron by 18.4% in the 4th quarter. Vise Technologies Inc. now owns 2,456 shares of the scientific and technical instruments company’s stock valued at $267,000 after purchasing an additional 381 shares in the last quarter. Squarepoint Ops LLC raised its position in Itron by 52.6% in the 4th quarter. Squarepoint Ops LLC now owns 139,538 shares of the scientific and technical instruments company’s stock valued at $15,151,000 after purchasing an additional 48,084 shares in the last quarter. Tema Etfs LLC acquired a new stake in Itron in the 4th quarter valued at about $517,000. Finally, SIR Capital Management L.P. raised its position in Itron by 25.6% in the 4th quarter. SIR Capital Management L.P. now owns 59,305 shares of the scientific and technical instruments company’s stock valued at $6,439,000 after purchasing an additional 12,105 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Company Profile

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.