Itron, Inc. (NASDAQ:ITRI) Given Consensus Rating of “Moderate Buy” by Brokerages

Itron, Inc. (NASDAQ:ITRI) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $123.92.

ITRI has been the subject of a number of research reports. Piper Sandler raised their price objective on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Oppenheimer raised their price objective on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Guggenheim raised their price objective on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com raised Itron from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Roth Mkm raised their price objective on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Itron Trading Down 0.2 %

NASDAQ ITRI opened at $97.69 on Friday. 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 one year low of $73.64 and a one year high of $124.90. The business has a 50 day simple moving average of $105.96 and a 200 day simple moving average of $106.74. The stock has a market capitalization of $4.40 billion, a P/E ratio of 20.02, a P/E/G ratio of 0.81 and a beta of 1.46.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ITRI. Norges Bank bought a new stake in Itron during the fourth quarter worth $64,615,000. Erste Asset Management GmbH bought a new stake in Itron during the third quarter worth $38,534,000. Bowen Hanes & Co. Inc. bought a new stake in Itron during the fourth quarter worth $27,486,000. Raiffeisen Bank International AG bought a new stake in Itron during the fourth quarter worth $27,619,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Itron by 90.7% during the third quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after acquiring an additional 243,355 shares during the period. Institutional investors own 96.19% of the company’s stock.

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.