Avista Corp Rating Increased to Outperform at Zacks (AVA)
Avista Corp (NYSE:AVA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday. The firm currently has a $34.70 price objective on the stock. Zacks‘s price objective indicates a potential upside of 10.65% from the company’s current price.
Shares of Avista Corp (NYSE:AVA) traded down 0.06% on Tuesday, hitting $31.34. 285,671 shares of the company’s stock traded hands. Avista Corp has a 52-week low of $25.55 and a 52-week high of $33.60. The stock has a 50-day moving average of $32.1 and a 200-day moving average of $30.94. The company has a market cap of $2.019 billion and a P/E ratio of 9.81.
Avista Corp (NYSE:AVA) last posted its earnings data on Wednesday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $312.60 million for the quarter, compared to the consensus estimate of $344.15 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that Avista Corp will post $1.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Thursday, August 21st will be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Tuesday, August 19th.
Separately, 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.64.
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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