Itron (ITRI) Upgraded at BidaskClub
Itron (NASDAQ:ITRI) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Several other brokerages have also recently weighed in on ITRI. Oppenheimer reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Itron in a report on Monday, January 29th. ValuEngine raised Itron from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut Itron from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Canaccord Genuity raised Itron from a “hold” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $84.00 in a report on Tuesday, February 27th. Finally, Cowen raised Itron from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $80.00 to $84.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Itron currently has a consensus rating of “Buy” and an average price target of $84.18.
Itron (ITRI) opened at $74.50 on Friday. The firm has a market capitalization of $2,889.41, a price-to-earnings ratio of 51.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.03. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.74. Itron has a fifty-two week low of $57.80 and a fifty-two week high of $79.95.
In other news, VP Shannon M. Votava sold 6,661 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $71.58, for a total transaction of $476,794.38. Following the completion of the transaction, the vice president now owns 16,459 shares of the company’s stock, valued at approximately $1,178,135.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip Mezey sold 4,717 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $71.10, for a total value of $335,378.70. Following the transaction, the insider now directly owns 108,326 shares of the company’s stock, valued at approximately $7,701,978.60. The disclosure for this sale can be found here. In the last three months, insiders have bought 750,261 shares of company stock valued at $51,839,736 and have sold 26,607 shares valued at $1,863,856. 2.03% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Elkfork Partners LLC acquired a new position in shares of Itron during the 4th quarter worth $243,000. Xact Kapitalforvaltning AB bought a new stake in Itron during the 4th quarter worth $214,000. MetLife Investment Advisors LLC bought a new stake in Itron during the 4th quarter worth $1,106,000. Jane Street Group LLC bought a new stake in Itron during the 4th quarter worth $498,000. Finally, Millennium Management LLC grew its position in Itron by 105.2% during the 4th quarter. Millennium Management LLC now owns 329,596 shares of the scientific and technical instruments company’s stock worth $22,478,000 after acquiring an additional 168,961 shares during the last quarter. 92.44% of the stock is owned by institutional investors.
Itron, Inc is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. 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.
Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.