Argus Gives Itron (NASDAQ:ITRI) a Lower Rating. Drops its Buy Rating

November 9, 2018 - By Adrian Mccoy

Itron, Inc. (NASDAQ:ITRI) Logo

Investors sentiment increased to 1.15 in 2018 Q2. Its up 0.03, from 1.12 in 2018Q1. It improved, as 37 investors sold Itron, Inc. shares while 51 reduced holdings. 25 funds opened positions while 76 raised stakes. 36.18 million shares or 0.20% less from 36.25 million shares in 2018Q1 were reported.

Synovus Finance, Georgia-based fund reported 130 shares. 23,665 are owned by Thrivent For Lutherans. Prudential Finance owns 95,497 shares for 0.01% of their portfolio. United Kingdom-based Hsbc Pcl has invested 0% in Itron, Inc. (NASDAQ:ITRI). State Of Alaska Department Of Revenue invested in 0.01% or 11,277 shares. Zebra Lc has invested 0.18% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Global X Mgmt Ltd Liability owns 31,238 shares for 0.03% of their portfolio. Quantbot Limited Partnership owns 0.03% invested in Itron, Inc. (NASDAQ:ITRI) for 6,897 shares. Alliancebernstein L P holds 0% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 46,090 shares. Robecosam Ag holds 1.23% or 485,000 shares in its portfolio. Ubs Asset Americas invested in 705,709 shares or 0% of the stock. Us Savings Bank De owns 8,010 shares. Blackrock holds 5.06M shares or 0.01% of its portfolio. Schwab Charles Inv Management has invested 0.01% of its portfolio in Itron, Inc. (NASDAQ:ITRI). State Board Of Administration Of Florida Retirement System owns 18,127 shares for 0% of their portfolio.

Since May 18, 2018, it had 3 insider buys, and 2 sales for $14.49 million activity. MEZEY PHILIP had sold 16,694 shares worth $1.09 million on Wednesday, August 22. 978 shares valued at $57,995 were sold by Ziegler Lynda L. on Monday, July 2.

Itron (NASDAQ:ITRI) Receives a Downgrade

The Equity Rating of Itron (NASDAQ:ITRI) rating was lowered by analysts at Argus from the previous Buy rating to a Hold rating in a research report made public on Thursday, 8 November.

Itron, Inc. (NASDAQ:ITRI) Ratings Coverage

Among 2 analysts covering Itron (NASDAQ:ITRI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Itron has $72 highest and $68 lowest target. $70’s average target is 25.34% above currents $55.85 stock price. Itron had 2 analyst reports since August 7, 2018 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Tuesday, August 7 with “Neutral”. Oppenheimer maintained Itron, Inc. (NASDAQ:ITRI) rating on Tuesday, August 7. Oppenheimer has “Outperform” rating and $72 target.

The stock increased 1.18% or $0.65 during the last trading session, reaching $55.85. About 243,281 shares traded. Itron, Inc. (NASDAQ:ITRI) has declined 7.92% since November 9, 2017 and is downtrending. It has underperformed by 23.54% the S&P500.

Itron, Inc. provides metering solutions to electricity, gas, and water utility markets worldwide. The company has market cap of $2.20 billion. The firm operates through three divisions: Electricity, Gas, and Water. It currently has negative earnings. It offers standard electromechanical and electronic, gas, and water and heat meters; and advanced and smart electricity, gas, and water meters and communication modules.

More recent Itron, Inc. (NASDAQ:ITRI) news were published by: which released: “Itron, Inc. (ITRI) CEO Philip Mezey on Q3 2018 Results – Earnings Call Transcript” on November 06, 2018. Also published the news titled: “Itron, Inc. 2018 Q3 – Results – Earnings Call Slides” on November 06, 2018.‘s news article titled: “Research Report Identifies Chubb, DXC Technology, Medtronic, Snap-On, Euronet Worldwide, and Itron with Renewed …” with publication date: October 29, 2018 was also an interesting one.

Itron, Inc. (NASDAQ:ITRI) Institutional Positions Chart

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