Itron, Inc. (NASDAQ:ITRI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Itron, Inc. (NASDAQ:ITRI) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, 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 twelve-month target price among brokers that have issued a report on the stock in the last year is $123.92.

A number of brokerages have recently weighed in on ITRI. Oppenheimer boosted their target price on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Roth Mkm raised their price objective on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday. Robert W. Baird upped their target price on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen increased 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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Itron by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock worth $114,835,000 after purchasing an additional 5,630 shares during the period. Norges Bank bought a new position in shares of Itron in the 4th quarter worth about $64,615,000. Assenagon Asset Management S.A. boosted its stake 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 in the last quarter. Vontobel Holding Ltd. grew its holdings in Itron by 8.1% in the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock worth $50,467,000 after purchasing an additional 34,842 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Itron by 85.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,484 shares of the scientific and technical instruments company’s stock valued at $46,199,000 after purchasing an additional 196,396 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Performance

ITRI opened at $98.67 on Friday. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $107.94 and its two-hundred day moving average price is $107.01. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.88 and a beta of 1.46. Itron has a 1-year low of $73.14 and a 1-year high of $124.90.

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.