Alert: Positive Investment/Fundamental Signals (12/4/23)-Itron Inc (NASDAQ: ITRI)


Itron Inc (NASDAQ: ITRI) has recently enjoyed meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.

Itron Inc (NASDAQ: ITRI) has recently enjoyed meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

ITRI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Itron has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Itron has a poor Appreciation Score of 28 but a very high Power Rating of 95, producing the High Neutral Value Trend Rating.

Recent Price Action

Itron Inc (NASDAQ: ITRI) stock increased 1.6% on 12/4/23. The shares closed at $70.15. However, below average trading volume at 77% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 5.4% during the last week.

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