Avista Corp Sets New 12-Month High at $33.07 (AVA)
Avista Corp (NYSE:AVA)’s share price hit a new 52-week high during mid-day trading on Tuesday , Analyst RN reports. The company traded as high as $33.07 and last traded at $33.01, with a volume of 205,006 shares. The stock had previously closed at $32.61.
A number of analysts have recently weighed in on AVA shares. Analysts at Williams Capital raised their price target on shares of Avista Corp from $29.00 to $33.00 in a research note on Tuesday, June 17th. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Avista Corp from an “outperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $34.70 price target on the stock. Finally, analysts at Zacks upgraded shares of Avista Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $33.10 price target on the stock. Five research analysts have rated the stock with a hold rating, Avista Corp presently has an average rating of “Hold” and an average target price of $31.64.
The stock’s 50-day moving average is $31. and its 200-day moving average is $29.9. The company has a market cap of $1.983 billion and a P/E ratio of 16.74.
Avista Corp (NYSE:AVA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The company had revenue of $490.96 million for the quarter, compared to the consensus estimate of $488.92 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Avista Corp will post $1.88 EPS for the current fiscal year.
In other Avista Corp news, SVP Karen S. Feltes unloaded 2,200 shares of the stock on the open market in a transaction dated Monday, June 16th. The shares were sold at an average price of $31.32, for a total transaction of $68,904.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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