Avista (NYSE:AVA – Get Rating) was upgraded by equities research analysts at Mizuho from a “neutral” rating to a “buy” rating in a report released on Friday, The Fly reports. The firm presently has a $44.00 price target on the utilities provider’s stock. Mizuho’s price target would suggest a potential upside of 9.10% from the stock’s previous close.
Avista Price Performance
AVA opened at $40.33 on Friday. Avista has a one year low of $37.73 and a one year high of $46.90. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.56. The company’s 50 day simple moving average is $41.99 and its 200-day simple moving average is $42.88. The stock has a market capitalization of $2.94 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53.
Avista (NYSE:AVA – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Avista had a net margin of 9.53% and a return on equity of 6.80%. During the same quarter in the prior year, the firm earned $0.20 EPS. Sell-side analysts anticipate that Avista will post 1.93 earnings per share for the current fiscal year.
Insiders Place Their Bets
Institutional Investors Weigh In On Avista
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its holdings in shares of Avista by 178.0% during the first quarter. Lazard Asset Management LLC now owns 1,540 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 986 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Avista during the 1st quarter worth about $84,000. SeaCrest Wealth Management LLC bought a new stake in shares of Avista during the 2nd quarter worth about $83,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Avista by 1,438.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,154 shares of the utilities provider’s stock worth $97,000 after buying an additional 2,014 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Avista by 913.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,259 shares of the utilities provider’s stock worth $98,000 after buying an additional 2,036 shares during the period. 83.39% of the stock is currently owned by institutional investors and hedge funds.
Avista Company Profile
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.
- Get a free copy of the StockNews.com research report on Avista (AVA)
- The Institutions Hold On To Darden Restaurants International
- What Steelcase’s Earnings Say About the Return to the Office?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Is The Golden Age Of Homebuilding Already Over?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for Avista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista and related companies with MarketBeat.com's FREE daily email newsletter.