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 research note released on Wednesday morning.

ITRI has been the topic of a number of other research reports. Guggenheim upped their target price on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler upped their target price on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird upped their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Oppenheimer upped their target price on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen upped their target price on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.92.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $105.24 on Wednesday. The business’s 50 day simple moving average is $109.25 and its 200-day simple moving average is $107.03. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron has a 12 month low of $71.72 and a 12 month high of $124.90.

Institutional Trading of Itron

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in shares of Itron by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock worth $2,367,000 after buying an additional 100 shares during the last quarter. Quarry LP increased its holdings in shares of Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 102 shares during the last quarter. Stifel Financial Corp increased its holdings in Itron by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 108 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

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.