Somewhat Positive Media Coverage Somewhat Unlikely to Impact Itron (ITRI) Share Price
Media coverage about Itron (NASDAQ:ITRI) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Itron earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the scientific and technical instruments company an impact score of 44.8186157560654 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- FY2018 Earnings Estimate for Itron, Inc. (ITRI) Issued By Oppenheimer (americanbankingnews.com)
- Itron (ITRI) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- Itron, Inc. (ITRI) Major Shareholder Purchases $2,702,952.00 in Stock (americanbankingnews.com)
- Vectren Collaborates with Itron for Energy Grid Modernization (finance.yahoo.com)
- ETFs with exposure to Itron, Inc. : December 20, 2017 (finance.yahoo.com)
Itron (ITRI) traded down $0.50 during midday trading on Monday, reaching $68.05. 157,800 shares of the company traded hands, compared to its average volume of 213,010. Itron has a 52-week low of $57.80 and a 52-week high of $79.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26. The stock has a market capitalization of $2,620.00, a price-to-earnings ratio of 39.80, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00.
ITRI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Itron from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Monday, August 28th. Argus restated a “buy” rating and issued a $80.00 price target (up previously from $78.00) on shares of Itron in a report on Tuesday, September 12th. Robert W. Baird restated a “hold” rating and issued a $77.00 price target on shares of Itron in a report on Tuesday, September 12th. Finally, Canaccord Genuity lowered shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 price target on the stock. in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $81.78.
In other news, major shareholder Scopia Capital Management Lp acquired 38,925 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were bought at an average price of $69.44 per share, for a total transaction of $2,702,952.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas Deitrich sold 11,899 shares of Itron stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $69.27, for a total transaction of $824,243.73. Following the sale, the chief operating officer now owns 82,776 shares in the company, valued at approximately $5,733,893.52. The disclosure for this sale can be found here. Insiders purchased 671,511 shares of company stock worth $46,471,216 in the last 90 days. 2.03% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: “Somewhat Positive Media Coverage Somewhat Unlikely to Impact Itron (ITRI) Share Price” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://theolympiareport.com/2017/12/25/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-itron-itri-share-price.html.
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.