Itron (NASDAQ:ITRI) Upgraded at StockNews.com

Itron (NASDAQ:ITRI) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

ITRI has been the subject of a number of other reports. Robert W. Baird raised their price objective on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised their price target on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Guggenheim upped their price target on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer lifted 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. Finally, Roth Mkm upped their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Stock Performance

Shares of NASDAQ:ITRI traded up $1.64 during trading on Wednesday, hitting $106.69. 463,735 shares of the company were exchanged, compared to its average volume of 420,454. The company has a market cap of $4.81 billion, a PE ratio of 21.86, a P/E/G ratio of 0.89 and a beta of 1.46. Itron has a 52-week low of $71.26 and a 52-week high of $124.90. 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 stock has a 50 day moving average of $109.52 and a 200 day moving average of $107.04.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ITRI. Geode Capital Management LLC boosted its stake in shares of Itron by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock valued at $114,835,000 after purchasing an additional 5,630 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Itron by 90.7% during the third quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock valued at $54,658,000 after buying an additional 243,355 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Itron by 8.1% during the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock valued at $50,467,000 after buying an additional 34,842 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Itron by 9.3% in the third quarter. Pinnacle Associates Ltd. now owns 398,372 shares of the scientific and technical instruments company’s stock worth $42,550,000 after buying an additional 34,014 shares during the period. Finally, Erste Asset Management GmbH bought a new stake in shares of Itron in the 3rd quarter valued at about $38,534,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

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.