Itron (NASDAQ:ITRI) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Itron (NASDAQ:ITRI) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

Other analysts have also recently issued reports about the company. Piper Sandler lifted their price target on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Robert W. Baird lifted their target price 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 target on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Roth Mkm lifted their price objective 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. Finally, TD Cowen boosted their price objective on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $123.92.

Itron Trading Up 1.6 %

Shares of ITRI stock opened at $106.69 on Wednesday. Itron has a 12-month low of $71.26 and a 12-month high of $124.90. The company has a market capitalization of $4.81 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The firm has a 50 day moving average price of $109.52 and a two-hundred day moving average price of $107.04. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Itron during the fourth quarter worth $30,000. Continuum Advisory LLC lifted its position in shares of Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 102 shares during the last quarter. Quarry LP lifted its position in shares of Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares during the last quarter. Covestor Ltd boosted its stake in Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 111 shares in the last quarter. Finally, Hager Investment Management Services LLC bought a new position in Itron in the fourth quarter valued at about $67,000. 96.19% of the stock is owned by institutional investors.

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.