Itron (NASDAQ:ITRI) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. JMP Securities set a $102.00 price target on shares of Itron and gave the company a “buy” rating in a research report on Thursday, October 12th. Argus lowered shares of Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Raymond James Financial started coverage on shares of Itron in a research report on Tuesday, January 2nd. They issued a “strong-buy” rating and a $84.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $84.00 price target on shares of Itron in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $82.18.
Itron (NASDAQ:ITRI) traded up $0.65 during trading hours on Friday, hitting $74.80. 150,917 shares of the stock were exchanged, compared to its average volume of 257,384. Itron has a 12 month low of $57.80 and a 12 month high of $79.95. The company has a market capitalization of $2,896.63, a price-to-earnings ratio of 43.74, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.26 and a current ratio of 1.67.
In other Itron news, COO Thomas Deitrich sold 11,899 shares of Itron stock in a transaction on Monday, December 11th. The shares were sold at an average price of $69.27, for a total transaction of $824,243.73. Following the sale, the chief operating officer now owns 82,776 shares in the company, valued at $5,733,893.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Scopia Capital Management Lp purchased 75,193 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average price of $67.34 per share, for a total transaction of $5,063,496.62. The disclosure for this purchase can be found here. Insiders have purchased 750,261 shares of company stock worth $51,839,736 in the last ninety days. 2.03% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ITRI. Point72 Asset Management L.P. acquired a new stake in Itron during the third quarter worth $23,661,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in Itron during the third quarter worth $18,102,000. Renaissance Technologies LLC boosted its stake in Itron by 38.1% during the second quarter. Renaissance Technologies LLC now owns 719,661 shares of the scientific and technical instruments company’s stock worth $48,757,000 after buying an additional 198,700 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Itron by 13.5% during the third quarter. Neuberger Berman Group LLC now owns 688,848 shares of the scientific and technical instruments company’s stock worth $53,351,000 after buying an additional 82,196 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in Itron during the second quarter worth $4,886,000. Hedge funds and other institutional investors own 93.54% of the company’s stock.
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Itron Company Profile
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
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