Stock To Watch: Itron, Inc. (NASDAQ:ITRI)


The leading market experts have placed a mean price target of $42.83 on Itron, Inc. (NASDAQ:ITRI) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.54 a share for the upcoming quarter and $2.17 for the current fiscal.

Technical View

The technical analysis of Itron, Inc. plainly substantiates that the 50-day moving average of Itron, Inc. is $44.68, and stock is trading $3.57 points away or +7.98% from its 50-day moving average of $44.68. Further it is trading $5.98 or +14.15% away its 200-day moving average of $42.27. Itron, Inc. (NASDAQ:ITRI) 52-week high is $49.06 and the 52-week low is $27.93.

This explains if the stock moves $-0.81, it will post a 52-week high. In event of +72.75% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Itron, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Itron, Inc. (NASDAQ:ITRI) ratio came in at 107.46.

The stock last ended the trading session at $48.25 and registered a market cap of $1.85B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Itron, Inc. (NASDAQ:ITRI) PEG ratio is at 0.41.

1 Chart Pattern Every Investor Should Know

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