Avangrid Inc. (NYSE:AGR) saw an upside of 2.32% to close Monday at $52.00 after adding $1.18 on the day. The 5-day average trading volume is 902,020 shares of the company’s common stock. It has gained $53.95 in the past week. An average of 588,335 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 449,584.
AGR’s 1-month performance is -0.48% or -$0.25 on its low of $48.44 reached on 10/01/21. The company’s shares have touched a 52-week low of $44.02 and high of $56.11, with the stock’s rally to the 52-week high happening on 09/01/21. YTD, AGR has achieved 14.41% or $6.55. However, the current price is down -7.32%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 45.11 and a low of 15.99. AGR stock has a beta of 0.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.05 while the price-to-book (PB) in the most recent quarter is 0.94.
Avangrid Inc. pays an annual dividend of $1.76 per share. Its dividend yield is 3.38% and the payout ratio is 80.80%. AGR’s most recent quarterly dividend payment was made on Oct. 1, when it paid $0.44 a share compared with prior rate of $0.44, down 0.0% from last year’s. The company latest dividend increase of $0.0080 reported on Thursday July 12 2018. Measured over the last 3 years, the Dividend has been growing by 1.85% yearly.
It is projected that Avangrid Inc.’s next ex-dividend date will be on 13-Dec. AGR is expected to distribute $0.44 as its next dividend.
Avangrid Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20 meaning that AGR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.38, while the total debt to equity was 0.40. In terms of profitability, the gross margin trailing 12 months is 78.70%. The trailing 12-month EBITDA margin is 30.57% while for the period ending June 29; Avangrid Inc.’s operating margin was 14.00%. The firm’s gross profit as reported stood at $869.0 million against revenue of $6.32 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected AGR to announce $0.41 per share in earnings in its latest quarter, but it posted $0.35, representing a -14.60% surprise. EBITDA for the quarter stood at more than $394.0 million. AGR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 18.82 billion, with total debt at $7.97 billion. Shareholders hold equity totaling $387.2 million
Let’s look briefly at Avangrid Inc. (AGR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 65.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.82%.
The stock’s 5-day moving average is $50.71, reflecting a +4.94% or $2.45 change from its current price. AGR is currently trading -0.15% above its 20-day SMA, +0.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.27% and +16.23% respectively.
Stochastic %K and %D was 70.33% and 66.07% and the average true range (ATR) pointed at 1.14. The RSI (14) points at 57.03%, while the 14-day stochastic is at 64.61% with the period’s ATR at 1.05. The stock’s 9-day MACD Oscillator is pointing at 1.19 and 1.12 on the 14-day charts.
In the most recent analyst report for Avangrid Inc. (NYSE: AGR), Barclays launched coverage with an Equal weight rating. Analysts offering their rating for AGR stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate AGR as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is AGR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $45.00 and a high of $61.00, with their median price target at $53.00. Looking at these predictions, the average price target given by analysts is for Avangrid Inc. (AGR) stock is $53.14.