A share price of Itron Inc. [ITRI] is currently trading at $110.06, up 1.63%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ITRI shares have gain 4.55% over the last week, with a monthly amount glided 7.33%, 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 27, 2024, when Janney initiated its Buy rating and assigned the stock a price target of $131. Previously, Exane BNP Paribas started tracking the stock with Outperform rating on September 05, 2024, and set its price target to $133. On August 02, 2024, TD Cowen reiterated its Buy rating and revised its price target to $125 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $130 on July 11, 2024. Piper Sandler downgraded its rating to a Neutral but $109 remained the price target by the analyst firm on May 21, 2024. TD Cowen reiterated a Buy rating for this stock on May 03, 2024, and upped its price target to $115. In a note dated March 13, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $107 to $110.
Itron Inc. experienced fluctuations in its stock price throughout the past year between $56.11 and $113.07. Currently, Wall Street analysts expect the stock to reach $89.91 within the next 12 months. Itron Inc. [NASDAQ: ITRI] shares were valued at $110.06 at the most recent close of the market. An investor can expect a potential drop of -18.31% based on the average ITRI price forecast.
Analyzing the ITRI fundamentals
Trailing Twelve Months sales for Itron Inc. [NASDAQ:ITRI] were 2.35B which represents 12.57% growth. 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 108.51 points at the first support level, and at 106.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.24, and for the 2nd resistance point, it is at 112.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Itron Inc. [NASDAQ:ITRI] is 3.16. Also, the Quick Ratio is 2.61, while the Cash Ratio stands at 1.72. Considering the valuation of this stock, the price to sales ratio is 2.11, the price to book ratio is 3.99 and price to earnings (TTM) ratio is 27.13.
Transactions by insiders
Recent insider trading involved Deitrich Thomas, President & CEO, that happened on Oct 01 ’24 when 37500.0 shares were sold. Officer, Deitrich Thomas completed a deal on Oct 01 ’24 to buy 37500.0 shares. Meanwhile, SVP, GC & Corp. Secretary Ware Christopher E. sold 92.0 shares on Aug 26 ’24.
