Analysts at StockNews.com initiated coverage on shares of Avangrid (NYSE:AGR – Get Free Report) in a note issued to investors on Saturday. The firm set a “hold” rating on the utilities provider’s stock.
Avangrid Trading Down 0.1 %
Shares of Avangrid stock opened at $35.75 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.52 and a quick ratio of 0.44. Avangrid has a 1 year low of $28.03 and a 1 year high of $37.70. The firm has a market cap of $13.83 billion, a PE ratio of 15.48, a PEG ratio of 2.67 and a beta of 0.55. The company has a 50 day simple moving average of $35.79 and a two-hundred day simple moving average of $35.87.
Avangrid (NYSE:AGR – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts expect that Avangrid will post 2.24 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Avangrid
Avangrid Company Profile
Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.
Further Reading
- Five stocks we like better than Avangrid
- Roth IRA Calculator: Calculate Your Potential Returns
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- How to Invest in Blue Chip Stocks
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- How to Evaluate a Stock Before Buying
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
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.