Analysts at StockNews.com initiated coverage on shares of Avangrid (NYSE:AGR – Get Free Report) in a report released on Thursday. The brokerage set a “hold” rating on the utilities provider’s stock.
Avangrid Stock Down 0.1 %
AGR opened at $35.73 on Thursday. Avangrid has a one year low of $27.46 and a one year high of $37.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.52 and a quick ratio of 0.44. The firm has a market capitalization of $13.82 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55. The company has a fifty day moving average price of $35.72 and a 200-day moving average price of $35.79.
Avangrid (NYSE:AGR – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. Avangrid had a net margin of 11.35% and a return on equity of 4.87%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm posted $0.21 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. Equities research analysts expect that Avangrid will post 2.24 earnings per share for the current fiscal year.
Institutional Trading of 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.
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