News stories about Avangrid (NYSE:AGR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avangrid earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.2012143826251 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Avangrid (NYSE AGR) traded down $0.43 during trading hours on Wednesday, reaching $52.13. The company had a trading volume of 337,700 shares, compared to its average volume of 457,164. The stock has a market capitalization of $15,824.16, a price-to-earnings ratio of 22.66, a PEG ratio of 2.78 and a beta of 0.55. 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 has a 52-week low of $35.42 and a 52-week high of $53.10.
Avangrid (NYSE:AGR) last posted its earnings results on Tuesday, October 24th. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Avangrid had a return on equity of 4.60% and a net margin of 11.23%. Avangrid’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. equities research analysts anticipate that Avangrid will post 2.22 EPS for the current fiscal year.
AGR has been the topic of several analyst reports. J P Morgan Chase & Co increased their price objective on Avangrid from $43.00 to $47.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. Evercore ISI upgraded Avangrid from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.50 to $46.50 in a research note on Monday, July 24th. Bank of America Corporation initiated coverage on Avangrid in a research note on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price objective on the stock. Zacks Investment Research cut Avangrid from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, Wells Fargo & Company cut Avangrid from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.50.
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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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