Shares of Avista Corp (NYSE:AVA) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $41.60.

AVA has been the subject of a number of research reports. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. TheStreet downgraded Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday, June 10th. Bank of America began coverage on Coty in a report on Thursday, May 9th. They set a “neutral” rating and a $12.00 price target for the company. Zacks Investment Research raised Falcon Minerals from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. Finally, KeyCorp restated an “overweight” rating and issued a $46.00 price target on shares of FirstEnergy in a research report on Wednesday, June 5th.

Shares of NYSE AVA traded up $0.27 during midday trading on Tuesday, hitting $45.73. The stock had a trading volume of 178,875 shares, compared to its average volume of 348,917. The firm has a market capitalization of $3.01 billion, a P/E ratio of 21.67, a PEG ratio of 7.15 and a beta of 0.43. The company’s 50 day simple moving average is $44.75. Avista has a 1 year low of $39.75 and a 1 year high of $52.70. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.64 and a quick ratio of 0.54.

Avista (NYSE:AVA) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.31). The company had revenue of $377.70 million for the quarter. Avista had a return on equity of 6.48% and a net margin of 14.26%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. Equities research analysts anticipate that Avista will post 1.93 earnings per share for the current year.

In other Avista news, Chairman Scott L. Morris sold 23,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $44.33, for a total transaction of $1,019,590.00. Following the transaction, the chairman now owns 198,865 shares in the company, valued at approximately $8,815,685.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason R. Thackston sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $43.58, for a total value of $54,475.00. Following the transaction, the senior vice president now owns 23,952 shares in the company, valued at approximately $1,043,828.16. The disclosure for this sale can be found here. Insiders have sold a total of 37,986 shares of company stock worth $1,672,624 in the last quarter. 1.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in shares of Avista in the 1st quarter worth approximately $40,892,000. BlackRock Inc. increased its holdings in Avista by 8.1% in the 1st quarter. BlackRock Inc. now owns 12,524,697 shares of the utilities provider’s stock valued at $508,754,000 after purchasing an additional 938,978 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Avista in the 1st quarter valued at $27,001,000. Norges Bank acquired a new stake in Avista in the 4th quarter valued at $25,267,000. Finally, OLD Republic International Corp increased its holdings in Avista by 67.7% in the 1st quarter. OLD Republic International Corp now owns 674,000 shares of the utilities provider’s stock valued at $27,378,000 after purchasing an additional 272,000 shares in the last quarter. Institutional investors own 78.23% of the company’s stock.

Avista Company Profile

Avista Corporation operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.

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