Avangrid (AGR) Earning Somewhat Favorable News Coverage, Analysis Shows
News headlines about Avangrid (NYSE:AGR) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avangrid earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.5010428410014 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Avangrid from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Goldman Sachs Group assumed coverage on Avangrid in a report on Wednesday, January 10th. They issued a “buy” rating on the stock. Bank of America began coverage on Avangrid in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price on the stock. Wells Fargo & Co lowered Avangrid from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Finally, TheStreet upgraded Avangrid from a “c” rating to a “b-” rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.63.
Shares of Avangrid (NYSE:AGR) traded up $0.09 during mid-day trading on Tuesday, reaching $48.08. The company’s stock had a trading volume of 584,261 shares, compared to its average volume of 598,385. Avangrid has a 1-year low of $39.75 and a 1-year high of $53.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.69 and a quick ratio of 0.56. The stock has a market cap of $14,606.68, a price-to-earnings ratio of 22.36, a PEG ratio of 2.37 and a beta of 0.31.
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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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