On 11/2/23, Itron Inc (NASDAQ: ITRI) stock enjoyed a major increase of 12.8%, closing at $64.10. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ITRI is expected to continue to be a Value Builder.
Itron has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Itron has a poor Appreciation Score of 23 but a very high Power Rating of 98, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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