Itron Inc. [ITRI] stock prices are up 0.66% to $100.19 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 3.60% over the last week, with a monthly amount drifted -1.80%, and not 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 August 02, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $125 from $115. Previously, Guggenheim upgraded its rating to Buy on July 11, 2024, and kept the price target unchanged to $130. On May 21, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $109 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $115 on May 03, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $110 on March 13, 2024. Robert W. Baird upgraded its rating to Outperform for this stock on February 27, 2024, and upped its price target to $108. In a note dated February 27, 2024, Canaccord Genuity upgraded an Buy rating on this stock and boosted its target price from $68 to $105.
The stock price of Itron Inc. [ITRI] has been fluctuating between $56.11 and $113.07 over the past year. Currently, Wall Street analysts expect the stock to reach $89.91 within the next 12 months. Itron Inc. [NASDAQ: ITRI] shares were valued at $100.19 at the most recent close of the market. An investor can expect a potential drop of -10.26% based on the average ITRI price forecast.
Analyzing the ITRI fundamentals
The Itron Inc. [NASDAQ:ITRI] reported sales of 2.35B for trailing twelve months, representing a surge of 12.57%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
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 99.37 points at the first support level, and at 98.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.09, and for the 2nd resistance point, it is at 102.00.
Ratios To Look Out For
It’s worth pointing out that Itron Inc. [NASDAQ:ITRI]’s Current Ratio is 3.16. As well, the Quick Ratio is 2.61, while the Cash Ratio is 1.72. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 3.63 and price to earnings (TTM) ratio is 24.69.
Transactions by insiders
Recent insider trading involved Reeves Donald L. III, Officer, that happened on Aug 22 ’24 when 4210.0 shares were purchased. SVP, Outcomes, Reeves Donald L. III completed a deal on Aug 16 ’24 to sell 3300.0 shares. Meanwhile, Officer Reeves Donald L. III bought 3300.0 shares on Aug 16 ’24.
