Analysts Issue Research Notes On Avangrid Inc. (AGR)

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RTX Stock
RTX Stock

Avangrid Inc. (NYSE:AGR) traded with a subtraction of -$1.6 to $47.01 on Thursday, a downside of -3.29 percent. An average of 827,438 shares of common stock have been traded in the last five days. There was a fall of -$2.12 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 814,299 shares traded, while the 50-day average volume stands at 638,526.

AGR stock has decreased by -2.95% in the last month. The company shares reached their 1-month lowest point of $46.63 on 09/22/22. With the stock rallying to its 52-week high on 08/17/22, shares of the company touched a low of $42.20 and a high of $53.95 in 52 weeks. It has reached a new high 7 times so far this year and lost -2.55% or -$2.77 in price. In spite of this, the price is down -12.86% from the 52-week high.


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Valuation Metrics

Avangrid Inc. (AGR) has a trailing price-to-earnings (P/E) ratio of 20.83. The stock’s beta is 0.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.52, the price-to-book (PB) ratio at 0.97.

The company has a payout ratio of 75.30%. The company’s most recent quarterly dividend payment was $0.44 a share, without any change from last year. Its latest increase dividend $0.0080 reported on Thursday July 12 2018.

Financial Health

The quick ratio of Avangrid Inc. for the three months ended June 29 was 0.80, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.43 for the quarter ending June 29. Its gross profit as reported stood at $895.0 million compared to revenue of $6.97 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Avangrid Inc.’s return on assets was 2.30%.

Earnings Surprise

For the three-month period that ended June 29, Avangrid Inc. had $7.89 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $184.0 million in the quarter, while revenues were grew 46.74%. The analyst consensus anticipated Avangrid Inc.’s latest quarter earnings to come in at $0.33 per share, but it turned out to be $0.46, a 39.40% surprise. For the quarter, EBITDA amounted to $493.0 million. Shareholders own equity worth $386.62 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Avangrid Inc. (AGR) price momentum. RSI 9-day as of the close on 21 September was 30.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.44%.

As of today, AGR’s price is $48.91 -4.31% or -$2.12 from its 5-day moving average. AGR is currently trading -5.95% lower than its 20-day SMA and +6.22% higher than its 100-day SMA. However, the stock’s current price level is +5.02% above the SMA50 and -7.06% below the SMA200.

The stochastic %K and %D were 21.15% and 40.93%, respectively, and the average true range (ATR) was 1.10. With the 14-day stochastic at 12.12% and the average true range at 1.03, the RSI (14) stands at 36.45%. The stock has reached -0.94 on the 9-day MACD Oscillator while the 14-day reading was at -0.94.

Analyst Ratings

KeyBanc Capital Markets downgraded Avangrid Inc. (NYSE: AGR) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Sector weight. The consensus rating for Avangrid Inc. (AGR) among analysts is Underweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell AGR, while 4 suggest investors hold. There are 3 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is AGR’s price target for the next 12 months?

Analysts predict a range of price targets between $40.00 and $57.00, with a median target of $45.50. Taking a look at these predictions, the average price target given by analysts for Avangrid Inc. (AGR) stock is $46.00.

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