Itron Inc [ITRI] stock prices are up 2.83% to $114.97 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ITRI shares have gain 9.67% over the last week, with a monthly amount glided 9.57%, 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.
The stock price of Itron Inc [ITRI] has been fluctuating between $58.88 and $116.39 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 $114.97 at the most recent close of the market. An investor can expect a potential drop of -21.8% based on the average ITRI price forecast.
Analyzing the ITRI fundamentals
The Itron Inc [NASDAQ:ITRI] reported sales of 2.41B for trailing twelve months, representing a surge of 9.75%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.17 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.05.
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 111.29 points at the first support level, and at 107.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.36, and for the 2nd resistance point, it is at 119.76.
Ratios To Look Out For
It’s worth pointing out that Itron Inc [NASDAQ:ITRI]’s Current Ratio is 3.36. On the other hand, the Quick Ratio is 2.83, and the Cash Ratio is 1.88. Considering the valuation of this stock, the price to sales ratio is 2.16, the price to book ratio is 3.84 and price to earnings (TTM) ratio is 23.54.
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.
