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 published on Friday.

A number of other equities research analysts also recently weighed in on ITRI. Oppenheimer upped their price target on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Robert W. Baird upped their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler increased their price objective on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Roth Mkm upped 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. Finally, TD Cowen boosted their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.92.

Itron Trading Down 3.8 %

NASDAQ:ITRI opened at $93.94 on Friday. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The company has a market cap of $4.24 billion, a PE ratio of 19.25, a P/E/G ratio of 0.81 and a beta of 1.46. Itron has a 52 week low of $73.64 and a 52 week high of $124.90. The business’s 50 day moving average is $105.60 and its two-hundred day moving average is $106.72.

Institutional Trading of Itron

A number of hedge funds have recently bought and sold shares of the company. Creative Planning raised its stake in shares of Itron by 17.1% during the third quarter. Creative Planning now owns 15,677 shares of the scientific and technical instruments company’s stock valued at $1,674,000 after acquiring an additional 2,284 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Itron by 27.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,412 shares of the scientific and technical instruments company’s stock valued at $364,000 after buying an additional 734 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Itron by 90.7% in the 3rd 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 purchasing an additional 243,355 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Itron during the third quarter valued at approximately $223,000. Finally, Adams Natural Resources Fund Inc. purchased a new position in shares of Itron in the third quarter worth $3,023,000. Institutional investors own 96.19% of the company’s stock.

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.