Avangrid (AGR) Given Coverage Optimism Score of 0.16
Media coverage about Avangrid (NYSE:AGR) has been trending somewhat positive on Tuesday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Avangrid earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.3002527449117 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Sempra Energy (SRE) vs. Avangrid (AGR) Financial Review (americanbankingnews.com)
- Head-To-Head Contrast: Avangrid (AGR) versus NiSource (NI) (americanbankingnews.com)
- Head-To-Head Analysis: Avangrid (AGR) versus Its Peers (americanbankingnews.com)
- Brokerages Expect Avangrid, Inc. (AGR) Will Announce Quarterly Sales of $1.35 Billion (americanbankingnews.com)
- Free Energy Star LED Light Bulbs For Hamden Residents (patch.com)
Shares of Avangrid (NYSE:AGR) opened at 47.38 on Tuesday. Avangrid has a one year low of $35.42 and a one year high of $49.04. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 21.72 and a beta of 0.49. The stock has a 50 day moving average of $47.73 and a 200-day moving average of $45.41.
Avangrid (NYSE:AGR) last announced its quarterly earnings data on Wednesday, July 19th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.43 billion. Avangrid had a net margin of 11.25% and a return on equity of 4.52%. The company’s revenue was down 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. On average, equities analysts expect that Avangrid will post $2.23 earnings per share for the current year.
Separately, Evercore ISI upgraded shares of Avangrid from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $43.50 to $46.50 in a research report on Monday, July 24th.
Avangrid Company Profile
Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.
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