Stock Rating Upgrade
In recent days the Value Trend Rating for Itron Inc (NASDAQ: ITRI) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 5/1/24, Itron Inc (NASDAQ: ITRI) stock declined slightly by -0.6%, closing at $91.54. Moreover, trading volume in this decline was above average at 128% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.5% during the last week.
Current PriceTarget Research Rating
ITRI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Itron has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Itron has a poor Appreciation Score of 26 but a very high Power Rating of 99, leading to the Positive Value Trend Rating.
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