Several other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Itron from a hold rating to a buy rating and set a $67.00 price objective on the stock in a research report on Monday, May 13th. Citigroup lifted their price objective on shares of Itron from $68.00 to $75.00 and gave the company an outperform rating in a research report on Monday, July 1st. Stephens started coverage on shares of Itron in a research report on Monday, July 8th. They issued an equal weight rating and a $64.00 price objective on the stock. Oppenheimer lifted their price objective on shares of Itron from $60.00 to $68.00 and gave the company an outperform rating in a research report on Tuesday, May 7th. Finally, ValuEngine upgraded shares of Itron from a sell rating to a hold rating in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Itron has a consensus rating of Buy and a consensus price target of $68.70.
NASDAQ ITRI opened at $57.96 on Friday. Itron has a one year low of $44.35 and a one year high of $66.95. The firm has a 50-day simple moving average of $61.49. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.40 and a quick ratio of 1.07. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 0.91 and a beta of 1.20.
In other Itron news, insider Philip Mezey sold 31,414 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $62.98, for a total transaction of $1,978,453.72. Following the sale, the insider now directly owns 74,624 shares in the company, valued at approximately $4,699,819.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Scopia Capital Management Lp sold 17,272 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $57.31, for a total transaction of $989,858.32. The disclosure for this sale can be found here. Insiders have sold a total of 135,593 shares of company stock worth $7,960,442 over the last 90 days. 2.35% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ITRI. Strs Ohio bought a new stake in shares of Itron during the 2nd quarter worth about $37,000. Versant Capital Management Inc raised its holdings in shares of Itron by 145.4% in the 2nd quarter. Versant Capital Management Inc now owns 697 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 413 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Itron by 47.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,381 shares of the scientific and technical instruments company’s stock worth $64,000 after purchasing an additional 446 shares in the last quarter. Smithfield Trust Co. raised its holdings in shares of Itron by 2,120.0% in the 1st quarter. Smithfield Trust Co. now owns 1,443 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Itron in the 2nd quarter worth approximately $73,000. Institutional investors own 97.33% of the company’s stock.
Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
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