Live Price Coverage: Itron, Inc. Just Reaches 52-Week High?

Live Price Coverage: Itron, Inc. Just Reaches 52 Week High?

The stock of Itron, Inc. (NASDAQ:ITRI) hit a new 52-week high and has $69.07 target or 7.00% above today’s $64.55 share price. The 8 months bullish chart indicates low risk for the $2.46B company. The 1-year high was reported on Nov, 28 by If the $69.07 price target is reached, the company will be worth $172.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 105,602 shares traded hands. Itron, Inc. (NASDAQ:ITRI) has risen 56.11% since April 25, 2016 and is uptrending. It has outperformed by 50.10% the S&P500.

Analysts await Itron, Inc. (NASDAQ:ITRI) to report earnings on June, 29. They expect $0.57 earnings per share, down 25.97% or $0.20 from last year’s $0.77 per share. ITRI’s profit will be $21.72M for 28.31 P/E if the $0.57 EPS becomes a reality. After $0.77 actual earnings per share reported by Itron, Inc. for the previous quarter, Wall Street now forecasts -25.97% negative EPS growth.

Itron, Inc. (NASDAQ:ITRI) Ratings Coverage

Out of 6 analysts covering Itron Inc. (NASDAQ:ITRI), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Itron Inc. has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Friday, September 11 the stock rating was initiated by Oppenheimer with “Perform”. Gabelli initiated it with “Hold” rating and $39 target price in Wednesday, October 7 report. Needham maintained the stock with “Buy” rating in Monday, November 14 report. Wedbush initiated it with “” rating and $42 target price in Tuesday, January 12 report. Canaccord Genuity maintained the stock with “Hold” rating in Friday, August 7 report. The rating was upgraded by Oppenheimer to “Outperform” on Thursday, November 3. The company was upgraded on Monday, October 19 by Canaccord Genuity.

According to Zacks Investment Research, “Itron, Inc. provides integrated system solutions for collecting, communicating, analyzing and managing information about energy and water usage. They design, develop, manufacture, market, install and service hardware, software and integrated systems. Their expertise is in providing communications technologies and data management products for automatic meter reading and advanced data collection systems, which systems also include commercial and industrial meter data collection systems, and complex billing and settlement systems for the wholesale energy markets.”

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.26, from 0.86 in 2016Q1. The ratio is positive, as 13 funds sold all Itron, Inc. shares owned while 67 reduced positions. 23 funds bought stakes while 46 increased positions. They now own 36.20 million shares or 1.14% less from 36.61 million shares in 2016Q1.
Swiss National Bank accumulated 0% or 60,500 shares. Driehaus Capital Mgmt Limited Company accumulated 0.04% or 28,655 shares. Renaissance Limited Co holds 0.05% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 628,402 shares. Argent Capital Mgmt Limited Liability Com accumulated 57,350 shares or 0.11% of the stock. Gam Hldg Ag last reported 15,400 shares in the company. Dimensional Fund Advisors Ltd Partnership has invested 0.04% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Diam Limited owns 3,330 shares or 0% of their US portfolio. State Common Retirement Fund, a New York-based fund reported 36,400 shares. The Illinois-based Aston Asset Mngmt Limited Liability Corporation has invested 0.82% in Itron, Inc. (NASDAQ:ITRI). Dynamic Cap Mgmt Limited owns 18,153 shares or 0.09% of their US portfolio. Silvercrest Asset Gp Limited Com last reported 0.39% of its portfolio in the stock. Cwh Capital holds 4,690 shares or 0.15% of its portfolio. First Trust Advsr Lp last reported 0.03% of its portfolio in the stock. Checchi Cap Advisers Ltd Co has 84 shares for 0% of their US portfolio. Capstone Asset has invested 0.02% of its portfolio in Itron, Inc. (NASDAQ:ITRI).

Insider Transactions: Since June 6, 2016, the stock had 2 insider purchases, and 10 insider sales for $3.53 million net activity. The insider ELIASSEN JON E sold $179,150. 2,000 shares with value of $121,100 were sold by GLANVILLE THOMAS S on Thursday, November 10. Schmitz William Mark sold $22,216 worth of stock or 418 shares. 83,303 shares with value of $4.48M were bought by SCOPIA CAPITAL MANAGEMENT LP on Monday, September 12. $135,738 worth of Itron, Inc. (NASDAQ:ITRI) was bought by Pelino Daniel S on Monday, November 7.

ITRI Company Profile

Itron, Inc. (Itron), incorporated on December 1, 1977, is a technology and service company. The Firm provides solutions that measure, manage, and analyze energy and water use. The Firm operates through three divisions: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas, and water utility clients across the globe. It offers solutions that enable electric and natural gas utilities to build smart grids to manage assets. The Company’s solutions include standard meters and smart metering products, metering systems, and services. It offers product portfolio for applications in the residential and commercial industrial markets for water and heat. The Firm operates under the Itron brand across the world. The Company’s Gas and Water manufacturing facilities are located throughout the world, while its Electricity manufacturing facilities are located in Europe, Middle East and Africa (EMEA), and North America.

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