Itron (NASDAQ:ITRI) Rating Increased to Strong-Buy at StockNews.com

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

Several other equities research analysts have also commented on the stock. TD Cowen increased their price objective on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird lifted 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. Oppenheimer upped 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 lifted their target price on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Roth Mkm boosted 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. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Trading Down 3.8 %

NASDAQ:ITRI opened at $93.94 on Friday. The firm has a fifty day simple moving average of $105.60 and a two-hundred day simple moving average of $106.72. Itron has a 12 month low of $73.64 and a 12 month high of $124.90. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.81 and a beta of 1.46. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

Institutional Investors Weigh In On Itron

Hedge funds have recently added to or reduced their stakes in the business. GTS Securities LLC purchased a new position in Itron in the fourth quarter valued at approximately $288,000. Vise Technologies Inc. increased its position in Itron by 18.4% during the 4th quarter. Vise Technologies Inc. now owns 2,456 shares of the scientific and technical instruments company’s stock worth $267,000 after purchasing an additional 381 shares during the period. Squarepoint Ops LLC raised its position in Itron by 52.6% in the fourth quarter. Squarepoint Ops LLC now owns 139,538 shares of the scientific and technical instruments company’s stock worth $15,151,000 after acquiring an additional 48,084 shares in the last quarter. Tema Etfs LLC purchased a new position in shares of Itron in the 4th quarter valued at about $517,000. Finally, SIR Capital Management L.P. lifted its position in shares of Itron by 25.6% during 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 acquiring an additional 12,105 shares during the period. 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.