StockNews.com Upgrades Itron (NASDAQ:ITRI) to “Strong-Buy”

Itron (NASDAQ:ITRI) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Several other research analysts also recently commented on the stock. Roth Mkm raised their price target on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler raised their price target on shares of Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Guggenheim raised their price target on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer raised their price target on shares of Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Robert W. Baird raised their price target on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.92.

Itron Trading Down 0.2 %

Shares of ITRI opened at $97.69 on Friday. Itron has a twelve month low of $73.64 and a twelve month high of $124.90. The company has a market cap 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. 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 simple moving average is $105.96 and its 200-day simple moving average is $106.74.

Institutional Trading of Itron

A number of institutional investors have recently modified their holdings of ITRI. Louisiana State Employees Retirement System boosted its stake in Itron by 0.5% in 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 purchasing an additional 100 shares in the last quarter. Quarry LP boosted its stake in Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 102 shares in the last quarter. Continuum Advisory LLC boosted its stake in Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 102 shares in the last quarter. Stifel Financial Corp boosted its stake 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 worth $526,000 after purchasing an additional 108 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 111 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

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.