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

Itron (NASDAQ:ITRI - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

Several other equities research analysts have also weighed in on the company. 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. Roth Mkm lifted their price target on shares of Itron from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 1st. Robert W. Baird upped their price objective 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. Piper Sandler lifted their target price on shares of Itron from $110.00 to $119.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Guggenheim increased their price target on Itron from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.92.

Itron Stock Performance

ITRI traded down $3.75 on Friday, hitting $93.94. 885,856 shares of the stock traded hands, compared to its average volume of 500,531. Itron has a 52 week low of $73.64 and a 52 week high of $124.90. The firm has a market capitalization of $4.24 billion, a PE ratio of 19.25, a P/E/G ratio of 0.81 and a beta of 1.46. The business has a fifty day moving average price of $105.96 and a two-hundred day moving average price of $106.74. 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ITRI. GeoWealth Management LLC grew its holdings in Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 229 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Itron during the fourth quarter worth about $30,000. Continuum Advisory LLC grew its stake in Itron by 42.1% during the third 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 in the last quarter. Quarry LP increased its holdings in Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 102 shares during the period. Finally, Covestor Ltd raised its position in shares of Itron by 26.1% in the 3rd 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. Institutional investors and hedge funds own 96.19% of the company's stock.

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.