Itron (NASDAQ:ITRI) Rating Lowered to Buy at StockNews.com

StockNews.com downgraded shares of Itron (NASDAQ:ITRI) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.

A number of other equities analysts have also commented on ITRI. TD Cowen lifted their price objective on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird lifted their price objective on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Piper Sandler lifted their price objective on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Guggenheim lifted their price objective on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer lifted their price objective on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.92.

Itron Trading Up 0.9 %

Itron stock opened at $98.67 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The business’s 50-day simple moving average is $107.94 and its 200-day simple moving average is $107.01. The firm has a market capitalization of $4.45 billion, a PE ratio of 20.22, a PEG ratio of 0.88 and a beta of 1.46. Itron has a 52 week low of $73.14 and a 52 week high of $124.90.

Institutional Investors Weigh In On Itron

Institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its holdings in Itron by 105.9% during the third 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 boosted its holdings in Itron by 0.5% during 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 purchasing an additional 5,630 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Itron by 78.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock valued at $660,000 after purchasing an additional 2,671 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Itron during the third quarter valued at approximately $5,994,000. Finally, Systematic Financial Management LP boosted its holdings in Itron by 12.2% during the third quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock valued at $14,351,000 after purchasing an additional 14,590 shares in the last quarter. 96.19% of the stock is 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.