Fintel reports that on December 5, 2023, Roth MKM initiated coverage of Itron (NASDAQ:ITRI) with a Buy recommendation.
Analyst Price Forecast Suggests 14.20% Upside
As of November 27, 2023, the average one-year price target for Itron is 79.82. The forecasts range from a low of 68.68 to a high of $99.75. The average price target represents an increase of 14.20% from its latest reported closing price of 69.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Itron is 1,921MM, a decrease of 6.93%. The projected annual non-GAAP EPS is 1.60.
What is the Fund Sentiment?
There are 615 funds or institutions reporting positions in Itron. This is an increase of 21 owner(s) or 3.54% in the last quarter. Average portfolio weight of all funds dedicated to ITRI is 0.21%, a decrease of 11.93%. Total shares owned by institutions increased in the last three months by 0.33% to 49,119K shares. 
The put/call ratio of ITRI is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,070K shares representing 6.75% ownership of the company. In it's prior filing, the firm reported owning 3,183K shares, representing a decrease of 3.69%. The firm decreased its portfolio allocation in ITRI by 15.93% over the last quarter.
Amundi holds 2,491K shares representing 5.48% ownership of the company. In it's prior filing, the firm reported owning 2,165K shares, representing an increase of 13.09%. The firm decreased its portfolio allocation in ITRI by 94.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,414K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 1,413K shares, representing an increase of 0.08%. The firm decreased its portfolio allocation in ITRI by 12.72% over the last quarter.
Invesco holds 1,269K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 1,102K shares, representing an increase of 13.15%. The firm decreased its portfolio allocation in ITRI by 90.69% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,170K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 1,173K shares, representing a decrease of 0.20%. The firm decreased its portfolio allocation in ITRI by 12.08% over the last quarter.
Itron Background Information
(This description is provided by the company.)
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Its portfolio of smart networks, software, services, meters and sensors helps its customers better manage electricity, gas and water resources for the people they serve. By working with its customers to ensure their success, the company helps improve the quality of life, ensures the safety and promotes the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world.
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This story originally appeared on Fintel.
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