Somewhat Positive Press Coverage Somewhat Unlikely to Affect Avista Corporation (AVA) Stock Price
News stories about Avista Corporation (NYSE:AVA) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avista Corporation earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.7701990370178 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Analysts Anticipate Avista Corporation (AVA) to Post $0.54 EPS (americanbankingnews.com)
- Short Interest Declines 13.6% For AVA (thestreet.com)
- Avista Corp. breached its 50 day moving average in a Bearish Manner : AVA-US : November 9, 2017 (finance.yahoo.com)
- ETFs with exposure to Avista Corp. : November 9, 2017 (finance.yahoo.com)
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Avista Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BMO Capital Markets restated a “hold” rating and set a $53.00 price objective on shares of Avista Corporation in a report on Friday, July 21st. BidaskClub upgraded Avista Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. KeyCorp restated a “hold” rating on shares of Avista Corporation in a report on Friday, October 20th. Finally, Williams Capital downgraded Avista Corporation from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $38.00 to $42.00 in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Avista Corporation has a consensus rating of “Hold” and an average target price of $47.75.
Shares of Avista Corporation (AVA) opened at $51.89 on Thursday. Avista Corporation has a twelve month low of $37.78 and a twelve month high of $52.83. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.37. The firm has a market capitalization of $3,341.86, a P/E ratio of 25.18 and a beta of 0.44.
In other news, VP Kevin J. Christie sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $51.81, for a total value of $25,905.00. Following the completion of the sale, the vice president now directly owns 1,992 shares in the company, valued at approximately $103,205.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James M. Kensok sold 4,700 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $52.01, for a total value of $244,447.00. Following the completion of the sale, the vice president now owns 12,787 shares of the company’s stock, valued at $665,051.87. The disclosure for this sale can be found here. Insiders bought a total of 173,000 shares of company stock valued at $47,980 over the last quarter. Company insiders own 1.10% of the company’s stock.
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Avista Corporation Company Profile
Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.
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