Itron Inc. [ITRI] stock prices are up 3.35% to $106.38 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 6.87% over the last week, with a monthly amount glided 9.50%, 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 September 05, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $133. Previously, TD Cowen reaffirmed its Buy rating on August 02, 2024, and elevated its price target to $125. On July 11, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $130 on the stock. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $109 on May 21, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $115 on May 03, 2024. TD Cowen reiterated a Outperform rating for this stock on March 13, 2024, and upped its price target to $110. In a note dated February 27, 2024, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $68 to $108.
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 $106.38 at the most recent close of the market. An investor can expect a potential drop of -15.48% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.
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 104.24 points at the first support level, and at 102.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 107.45, and for the 2nd resistance point, it is at 108.53.
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 2.03, the price to book ratio is 3.86 and price to earnings (TTM) ratio is 26.22.
Transactions by insiders
Recent insider trading involved Ware Christopher E., SVP, GC & Corp. Secretary, that happened on Aug 26 ’24 when 92.0 shares were sold. SVP, Outcomes, Reeves Donald L. III completed a deal on Aug 26 ’24 to sell 200.0 shares. Meanwhile, SVP, Device Solutions Patrick Justin K sold 101.0 shares on Aug 26 ’24.
