Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Itron Inc (NASDAQ: ITRI) weakened of late. ITRI’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Itron Inc (NASDAQ: ITRI) stock closed at $107.01 on 5/3/24 after a very large increase of 7.2%. Moreover, exceptionally high trading volume at 233% of normal accompanied the advance. The stock has risen 13.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). 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 22 but a very high Power Rating of 99, resulting in the High Neutral Value Trend Rating.
Be the first to comment