Today’s Stock On Watch: After Touching 52-Week High, Is Itron, Inc.’s Near-Term Analysis Positive?

Today's Stock On Watch: After Touching 52 Week High, Is Itron, Inc.'s Near Term Analysis Positive?

The stock of Itron, Inc. (NASDAQ:ITRI) hit a new 52-week high and has $79.40 target or 33.00% above today’s $59.70 share price. The 9 months bullish chart indicates low risk for the $2.22B company. The 1-year high was reported on Nov, 3 by If the $79.40 price target is reached, the company will be worth $732.60 million 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 625,297 shares traded hands or 171.38% up from the average. Itron, Inc. (NASDAQ:ITRI) has risen 23.98% since April 1, 2016 and is uptrending. It has outperformed by 22.77% the S&P500.

Itron, Inc. (NASDAQ:ITRI) Ratings Coverage

Out of 5 analysts covering Itron Inc. (NASDAQ:ITRI), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Itron Inc. has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by Oppenheimer with “Perform” on Friday, September 11. Gabelli initiated Itron, Inc. (NASDAQ:ITRI) on Wednesday, October 7 with “Hold” rating. On Monday, October 19 the stock rating was upgraded by Canaccord Genuity to “Buy”. The stock has “” rating given by Wedbush on Tuesday, January 12. The rating was maintained by Canaccord Genuity on Friday, August 7 with “Hold”.

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 decreased to 0.86 in Q2 2016. Its down 0.27, from 1.13 in 2016Q1. The ratio worsened, 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.
Fincl Bank Of Montreal Can has 0% invested in the company for 6,309 shares. Ig Mngmt Limited has invested 0% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Kcg last reported 15,212 shares in the company. Eagle Boston Investment Management Incorporated owns 193,625 shares or 1.13% of their US portfolio. Silvercrest Asset Group Ltd Liability Company has 0.39% invested in the company for 707,265 shares. Natixis Asset Mngmt has 0.04% invested in the company for 7,627 shares. Renaissance Technology Ltd Limited Liability Company, a New York-based fund reported 628,402 shares. Credit Suisse Ag reported 72,208 shares or 0% of all its holdings. Dynamic Cap Limited holds 0.09% or 18,153 shares in its portfolio. Legal General Grp Pcl reported 8,644 shares or 0% of all its holdings. The New York-based Robecosam Usa has invested 1.6% in Itron, Inc. (NASDAQ:ITRI). Neuberger Berman Ltd holds 1.16 million shares or 0.07% of its portfolio. Tower Cap Lc (Trc) accumulated 0.01% or 3,090 shares. First Mercantile Tru Company reported 15,363 shares or 0.08% of all its holdings. Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 5 selling transactions for $4.03 million net activity. 1,000 Itron, Inc. (NASDAQ:ITRI) shares with value of $56,980 were sold by ELIASSEN JON E. Shares for $4.48M were bought by SCOPIA CAPITAL MANAGEMENT LP. GLANVILLE THOMAS S sold 1,226 shares worth $69,269. 418 Itron, Inc. (NASDAQ:ITRI) shares with value of $22,216 were sold by Schmitz William Mark.

More news for Itron, Inc. (NASDAQ:ITRI) were recently published by:, which released: “Itron Inc. Q3 Profit Rises 76%” on November 02, 2016.‘s article titled: “Itron to Present at Baird’s 46th Annual Global Industrial Conference” and published on November 03, 2016 is yet another important article.

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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