Shares of Avangrid, Inc. (NYSE:AGR) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $47.50.
AGR has been the topic of a number of recent research reports. J P Morgan Chase & Co lifted their price target on shares of Avangrid from $43.00 to $47.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Evercore ISI upgraded shares of Avangrid from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $43.50 to $46.50 in a research note on Monday, July 24th. Bank of America Corporation began coverage on shares of Avangrid in a research note on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price on the stock. Zacks Investment Research downgraded shares of Avangrid from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, Wells Fargo & Company downgraded shares of Avangrid from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st.
Several large investors have recently modified their holdings of the company. MML Investors Services LLC boosted its stake in shares of Avangrid by 0.5% in the 2nd quarter. MML Investors Services LLC now owns 7,288 shares of the utilities provider’s stock valued at $322,000 after purchasing an additional 39 shares in the last quarter. Dynamic Advisors Solutions LLC raised its holdings in shares of Avangrid by 1.0% in the second quarter. Dynamic Advisors Solutions LLC now owns 7,173 shares of the utilities provider’s stock valued at $317,000 after buying an additional 71 shares during the last quarter. First Personal Financial Services raised its holdings in shares of Avangrid by 3.4% in the second quarter. First Personal Financial Services now owns 2,862 shares of the utilities provider’s stock valued at $126,000 after buying an additional 94 shares during the last quarter. Aviva PLC raised its holdings in shares of Avangrid by 0.3% in the second quarter. Aviva PLC now owns 36,456 shares of the utilities provider’s stock valued at $1,610,000 after buying an additional 110 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Avangrid by 2.0% in the second quarter. Janney Montgomery Scott LLC now owns 7,012 shares of the utilities provider’s stock valued at $310,000 after buying an additional 138 shares during the last quarter. Institutional investors own 13.28% of the company’s stock.
Shares of Avangrid (AGR) opened at $51.15 on Thursday. Avangrid has a 52 week low of $35.42 and a 52 week high of $51.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69. The firm has a market cap of $15,858.15, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.55.
Avangrid (NYSE:AGR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Avangrid had a net margin of 11.23% and a return on equity of 4.60%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. equities analysts forecast that Avangrid will post 2.22 EPS for the current fiscal year.
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Avangrid Company Profile
Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.
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