Itron (NASDAQ:ITRI) Upgraded at StockNews.com

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

ITRI has been the topic of a number of other research reports. Oppenheimer lifted their target price on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm lifted their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler lifted their target price on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. TD Cowen lifted their target price on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Guggenheim lifted their target price 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.92.

Itron Stock Down 0.8 %

Shares of NASDAQ ITRI opened at $105.24 on Wednesday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The business has a 50-day moving average of $109.25 and a two-hundred day moving average of $107.03. Itron has a 1 year low of $71.72 and a 1 year high of $124.90.

Hedge Funds Weigh In On Itron

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its position in Itron by 5.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 25,394 shares of the scientific and technical instruments company’s stock worth $2,757,000 after purchasing an additional 1,268 shares during the period. Saturna Capital Corp increased its position in Itron by 38.4% during the 4th quarter. Saturna Capital Corp now owns 9,981 shares of the scientific and technical instruments company’s stock worth $1,084,000 after purchasing an additional 2,768 shares during the period. HighTower Advisors LLC increased its position in Itron by 143.2% during the 4th quarter. HighTower Advisors LLC now owns 7,355 shares of the scientific and technical instruments company’s stock worth $799,000 after purchasing an additional 4,331 shares during the period. Inspire Advisors LLC acquired a new position in Itron during the 4th quarter worth approximately $213,000. Finally, Banco Santander S.A. increased its position in Itron by 3.9% during the 4th quarter. Banco Santander S.A. now owns 198,000 shares of the scientific and technical instruments company’s stock worth $21,499,000 after purchasing an additional 7,500 shares during the period. 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.