Pro-Itron Inc Institutional Investors Sentiment Runs High in 2016 Q4

July 18, 2017 - By Vivian Park

 Pro Itron Inc Institutional Investors Sentiment Runs High in  2016 Q4

Sentiment for Itron Inc (NASDAQ:ITRI)

Itron Inc (NASDAQ:ITRI) institutional sentiment increased to 1.3 in Q4 2016. Its up 0.18, from 1.12 in 2016Q3. The ratio has increased, as 118 investment professionals increased and opened new equity positions, while 91 sold and reduced stock positions in Itron Inc. The investment professionals in our partner’s database reported: 35.47 million shares, down from 35.86 million shares in 2016Q3. Also, the number of investment professionals holding Itron Inc in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 20 Reduced: 71 Increased: 72 New Position: 46.

Itron, Inc. is a technology and service company. The company has market cap of $2.75 billion. The Firm provides solutions that measure, manage and analyze energy and water use. It has a 73.85 P/E ratio. The Firm operates through three divisions: Electricity, Gas and Water.

The stock increased 0.35% or $0.25 during the last trading session, reaching $71.1. About shares traded. Itron, Inc. (NASDAQ:ITRI) has risen 59.09% since July 18, 2016 and is uptrending. It has outperformed by 42.39% the S&P500.

Investors wait Itron, Inc. (NASDAQ:ITRI) to report on September, 7. its quarterly earnings Wall Street analysts expect $0.65 earnings per share, $0.00 or 0.00 % from last year’s $0.65 same quarter earnings. This translates into $25.14 million profit for ITRI giving the stock a 27.35 P/E. This is assuming the current $0.65 EPS is accurate. Itron, Inc.’s Wall Street analysts see 14.04 % EPS growth, taking into account the $0.57 EPS reproted in the previous quarter,

Impax Asset Management Ltd holds 3.56% of its portfolio in Itron, Inc. for 1.29 million shares. Oberweis Asset Management Inc owns 97,550 shares or 1.83% of their US portfolio. Moreover, Fairpointe Capital Llc has 1.63% invested in the company for 1.28 million shares. The Massachusetts-based Eagle Boston Investment Management Inc has invested 1.46% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 158,825 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 6 selling transactions for $1.22 million activity.

Itron, Inc. (NASDAQ:ITRI) Ratings Coverage

Ratings analysis reveals 86% of Itron Inc.’s analysts are positive. Out of 7 Wall Street analysts rating Itron Inc., 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $35 while the high is $8100. The stock’s average target of $65.17 is -8.34% below today’s ($71.1) share price. ITRI was included in 18 notes of analysts from August 6, 2015. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, June 1. Canaccord Genuity maintained the stock with “Buy” rating in Monday, June 12 report. The company was maintained on Thursday, July 13 by Robert W. Baird. Needham maintained the shares of ITRI in report on Wednesday, March 1 with “Buy” rating. The stock of Itron, Inc. (NASDAQ:ITRI) earned “Hold” rating by Gabelli on Wednesday, October 7. The firm has “Buy” rating by Needham given on Monday, November 14. The rating was upgraded by Oppenheimer on Thursday, November 3 to “Outperform”. The company was initiated on Tuesday, June 20 by Guggenheim. The firm earned “Perform” rating on Friday, September 11 by Oppenheimer. Canaccord Genuity upgraded Itron, Inc. (NASDAQ:ITRI) rating on Monday, October 19. Canaccord Genuity has “Buy” rating and $45 target.

Another recent and important Itron, Inc. (NASDAQ:ITRI) news was published by Businesswire.com which published an article titled: “Itron to Announce Second Quarter 2017 Results on Aug. 2, 2017” on July 12, 2017.

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