Itron Inc. [NASDAQ: ITRI] price plunged by -0.07 percent to reach at -$0.07.
The one-year ITRI stock forecast points to a potential upside of 8.31. The average equity rating for ITRI stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Itron Inc. [ITRI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ITRI shares is $112.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ITRI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Itron Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 21, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $110 to $115. The new note on the price target was released on May 03, 2024, representing the official price target for Itron Inc. stock. Previously, the target price had yet another raise from $107 to $110, while TD Cowen kept a Outperform rating on ITRI stock. On February 27, 2024, analysts increased their price target for ITRI shares from 68 to 108.
The Average True Range (ATR) for Itron Inc. is set at 3.06, with the Price to Sales ratio for ITRI stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 3.46, with the Price to Cash per share for the same quarter was set at 6.55. Price to Free Cash Flow for ITRI in the course of the last twelve months was 34.94 with Quick ratio for the last quarter at 1.40.
ITRI Stock Performance Analysis:
Itron Inc. [ITRI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.40. With this latest performance, ITRI shares dropped by -5.68% in over the last four-week period, additionally plugging by 40.88% over the last 6 months – not to mention a rise of 42.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ITRI stock in for the last two-week period is set at 42.38, with the RSI for the last a single of trading hit 34.44, and the three-weeks RSI is set at 47.94 for Itron Inc. [ITRI]. The present Moving Average for the last 50 days of trading for this stock 102.12, while it was recorded at 105.61 for the last single week of trading, and 79.54 for the last 200 days.
Insight into Itron Inc. Fundamentals:
Itron Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.90.
ITRI Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ITRI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Itron Inc. go to 26.00%.
Itron Inc. [ITRI] Institutonal Ownership Details
The top three institutional holders of ITRI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ITRI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ITRI stock with ownership which is approximately 5.8386%.
