Analysts at StockNews.com started coverage on shares of Avangrid (NYSE:AGR – Get Free Report) in a report released on Thursday. The firm set a “hold” rating on the utilities provider’s stock.
Avangrid Trading Down 0.1 %
Shares of AGR stock opened at $35.50 on Thursday. Avangrid has a fifty-two week low of $27.46 and a fifty-two week high of $38.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.58. The stock has a 50 day simple moving average of $35.54 and a two-hundred day simple moving average of $34.57. The company has a market cap of $13.74 billion, a P/E ratio of 15.37, a PEG ratio of 2.67 and a beta of 0.55.
Avangrid (NYSE:AGR – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.72 billion. Avangrid had a net margin of 11.35% and a return on equity of 4.89%. Avangrid’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. Research analysts forecast that Avangrid will post 2.22 earnings per share for the current year.
Institutional Inflows and Outflows
About Avangrid
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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