Itron Inc. [ITRI] stock prices are up 9.05% to $99.82 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ITRI shares have gain 5.75% over the last week, with a monthly amount glided 11.47%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Itron Inc. [NASDAQ: ITRI] stock has seen the most recent analyst activity on March 13, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $110 from $107. Previously, Robert W. Baird upgraded its rating to Outperform on February 27, 2024, and elevated its price target to $108. On February 27, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $105 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $81 on January 19, 2024. Raymond James downgraded its rating to a Mkt Perform. Piper Sandler upgraded its rating to Overweight for this stock on December 19, 2023, and upped its price target to $91. In a note dated December 12, 2023, JP Morgan upgraded an Neutral rating on this stock but restated the target price of $68.
The stock price of Itron Inc. [ITRI] has been fluctuating between $52.23 and $97.84 over the past year. Currently, Wall Street analysts expect the stock to reach $81.36 within the next 12 months. Itron Inc. [NASDAQ: ITRI] shares were valued at $99.82 at the most recent close of the market. An investor can expect a potential drop of -18.49% based on the average ITRI price forecast.
Analyzing the ITRI fundamentals
The Itron Inc. [NASDAQ:ITRI] reported sales of 2.28B for trailing twelve months, representing a surge of 22.00%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 95.80 points at the first support level, and at 91.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 102.39, and for the 2nd resistance point, it is at 104.97.
Itron Inc. [ITRI] reported earnings per share of $1.23 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.75/share, meaning a difference of $0.48 and a surprise factor of 64.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.98 per share as compared to estimates of $0.51 per share, a difference of $0.47 representing a surprise of 92.20%.
Ratios To Look Out For
It’s worth pointing out that Itron Inc. [NASDAQ:ITRI]’s Current Ratio is 1.90. As well, the Quick Ratio is 1.40, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 3.35 and price to earnings (TTM) ratio is 28.63.
Transactions by insiders
Recent insider trading involved Lande Jerome J., Director, that happened on Mar 07 ’24 when 14896.0 shares were sold. President & CEO, Deitrich Thomas completed a deal on Feb 28 ’24 to sell 3353.0 shares. Meanwhile, SVP & CFO Hooper Joan S sold 1790.0 shares on Feb 28 ’24.
