Avangrid Inc (NYSE:AGR) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $50.00.
Several analysts have recently issued reports on AGR shares. Goldman Sachs Group set a $50.00 price objective on Avangrid and gave the stock a “hold” rating in a report on Monday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Avangrid from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Monday, October 14th. Citigroup cut shares of Avangrid from a “buy” rating to a “neutral” rating and decreased their target price for the company from $62.00 to $52.00 in a research report on Monday, August 12th. Finally, Zacks Investment Research raised shares of Avangrid from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.
Shares of Avangrid stock traded up $0.52 on Friday, hitting $49.03. 12,002 shares of the company traded hands, compared to its average volume of 313,362. Avangrid has a 52 week low of $47.45 and a 52 week high of $53.47. The business has a 50-day simple moving average of $49.29 and a 200 day simple moving average of $50.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.66. The stock has a market capitalization of $15.00 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.10.
Avangrid (NYSE:AGR) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.11). The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.54 billion. Avangrid had a return on equity of 3.98% and a net margin of 9.32%. Avangrid’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. Research analysts expect that Avangrid will post 2.25 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in shares of Avangrid by 1.1% during the third quarter. Commonwealth Equity Services LLC now owns 25,643 shares of the utilities provider’s stock worth $1,339,000 after acquiring an additional 287 shares during the last quarter. Parallel Advisors LLC grew its position in Avangrid by 7.3% in the 3rd quarter. Parallel Advisors LLC now owns 5,065 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 343 shares during the last quarter. JPMorgan Chase & Co. grew its position in Avangrid by 1.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 45,117 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 435 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Avangrid during the 3rd quarter worth about $25,000. Finally, Strategic Blueprint LLC bought a new position in shares of Avangrid during the 3rd quarter worth about $27,000. 14.55% of the stock is owned by institutional investors.
Avangrid, Inc operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.
Featured Article: What is the Producer Price Index (PPI)?
Receive News & Ratings for Avangrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avangrid and related companies with MarketBeat.com's FREE daily email newsletter.