BMO Capital Markets Upgrades Avista Corp. to “Market Perform” (AVA)
Avista Corp. (NYSE:AVA) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Avista Corp. (NYSE:AVA) opened at 28.19 on Thursday. Avista Corp. has a 1-year low of $24.10 and a 1-year high of $29.26. The stock’s 50-day moving average is $27.57 and its 200-day moving average is $27.35. The company has a market cap of $1.692 billion and a P/E ratio of 17.73.
Avista Corp. (NYSE:AVA) last announced its earnings results on Wednesday, November 6th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.06. The company had revenue of $335.90 million for the quarter, compared to the consensus estimate of $340.06 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis.
Separately, analysts at Ladenburg Thalmann raised their price target on shares of Avista Corp. from $29.00 to $29.50 in a research note to investors on Monday, November 18th. They now have a “neutral” rating on the stock.
Avista Corporation (NYSE:AVA) is an energy company engaged in the generation, transmission and distribution of energy, as well as other energy-related businesses.
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