Itron (ITRI) Receives Daily News Sentiment Rating of 0.33
News stories about Itron (NASDAQ:ITRI) have been trending positive on Saturday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Itron earned a coverage optimism score of 0.33 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 45.8687792400045 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Scopia Capital Management Lp Purchases 541,753 Shares of Itron, Inc. (ITRI) Stock (americanbankingnews.com)
- Itron, Inc. (ITRI) Major Shareholder Acquires $5,063,496.62 in Stock (americanbankingnews.com)
- Bullish Two Hundred Day Moving Average Cross – ITRI (nasdaq.com)
- Itron, Inc. (ITRI) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- BRIEF-Itron Acquisition Of Silver Spring Networks Clears Antitrust Review (ITRI) (markets.businessinsider.com)
Shares of Itron (ITRI) opened at $69.20 on Friday. The stock has a market capitalization of $2,700.00, a price-to-earnings ratio of 24.69, a PEG ratio of 1.07 and a beta of 1.00. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38. Itron has a 52 week low of $57.80 and a 52 week high of $79.95.
A number of research analysts have commented on the company. Canaccord Genuity restated a “hold” rating and set a $78.00 price target on shares of Itron in a research note on Friday, October 6th. JMP Securities set a $102.00 price target on Itron and gave the stock a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research cut Itron from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Argus restated a “buy” rating and set a $80.00 price target (up from $78.00) on shares of Itron in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $81.78.
In other Itron news, major shareholder Scopia Capital Management Lp bought 541,753 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average price of $69.44 per share, with a total value of $37,619,328.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.03% of the company’s stock.
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Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
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