Stock Rating Downgrade
The Value Trend Rating for Itron Inc (NASDAQ: ITRI) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Itron Inc (NASDAQ: ITRI) stock enjoyed a large increase of 3.0% on 9/13/24. The stock closed at $102.54. However, trading volume in this advance was below average at 77% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.1% during the last week.
Current PriceTarget Research Rating
ITRI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above 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 27 but a very high Power Rating of 99, and the High Neutral Value Trend Rating results.
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