Avangrid (AGR) Getting Somewhat Favorable Media Coverage, Analysis Shows
News articles about Avangrid (NYSE:AGR) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avangrid earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 47.2376244764184 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Avangrid (NYSE:AGR) traded up $0.16 during trading on Friday, reaching $50.08. The company had a trading volume of 97,153 shares, compared to its average volume of 557,730. Avangrid has a 12 month low of $41.86 and a 12 month high of $53.46. The stock has a market cap of $15,317.39, a PE ratio of 40.59, a price-to-earnings-growth ratio of 2.27 and a beta of 0.32. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.31.
Avangrid (NYSE:AGR) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Avangrid had a return on equity of 4.47% and a net margin of 6.39%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. equities research analysts anticipate that Avangrid will post 2.37 EPS for the current year.
Several research analysts recently commented on the company. Zacks Investment Research downgraded Avangrid from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. TheStreet raised Avangrid from a “c” rating to a “b-” rating in a research note on Monday, December 18th. Guggenheim set a $55.00 target price on Avangrid and gave the stock a “buy” rating in a research note on Thursday, February 15th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $51.00 target price (down from $54.00) on shares of Avangrid in a research note on Wednesday, February 21st. Finally, Bank of America reaffirmed a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of Avangrid in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $50.50.
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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