Itron (ITRI) Receives a Buy from Oppenheimer


In a report released today, Noah Kaye from Oppenheimer assigned a Buy rating to Itron (ITRI), with a price target of $75.00. The company’s shares closed last Friday at $67.95.

According to TipRanks.com, Kaye is a 5-star analyst with an average return of 7.2% and a 58.3% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Johnson Controls, and Dana Holding.

Itron has an analyst consensus of Moderate Buy, with a price target consensus of $76.20.

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The company has a one-year high of $88.32 and a one-year low of $40.48. Currently, Itron has an average volume of 325.4K.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ITRI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Itron, Inc. is a technology and services company, which engages in the provision of solutions that measure, manage, and analyze energy and water use. It operates through the following segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment includes hardware products used for measurement, control, or sensing that do not have communications capability embedded for use with its broader Itron systems. The Networked Solutions segment offers a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution for acquiring and transporting robust application-specific data. The Outcomes segment consist of the firm’s value-added, enhanced software and services operating segment in which it manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. The company was founded in 1977 and is headquartered in Liberty Lake, WA.

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