A share price of Avangrid Inc [AGR] is currently trading at $36.87, up 1.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AGR shares have gain 3.13% over the last week, with a monthly amount glided 2.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Avangrid Inc [NYSE: AGR] stock has seen the most recent analyst activity on March 08, 2024, when Janney downgraded its rating to a Sell but kept the price target unchanged to $35 for it. Previously, KeyBanc Capital Markets upgraded its rating to Sector Weight on June 21, 2023. On October 14, 2022, upgrade upgraded it’s rating to Neutral and revised its price target to $39 on the stock. KeyBanc Capital Markets downgraded its rating to a Underweight but stick to its price target of $40 on June 27, 2022. Siebert Williams Shank initiated its recommendation with a Buy and recommended $57 as its price target on June 09, 2022. Wells Fargo downgraded its rating to Equal Weight for this stock on February 24, 2022, and downed its price target to $48. In a note dated February 24, 2022, Janney downgraded an Neutral rating on this stock.
Avangrid Inc experienced fluctuations in its stock price throughout the past year between $27.46 and $41.22. Currently, Wall Street analysts expect the stock to reach $43.67 within the next 12 months. Avangrid Inc [NYSE: AGR] shares were valued at $36.87 at the most recent close of the market. An investor can expect a potential return of 18.44% based on the average AGR price forecast.
Analyzing the AGR fundamentals
Trailing Twelve Months sales for Avangrid Inc [NYSE:AGR] were 8.58B which represents 18.87% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.44 points at the first support level, and at 36.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.09, and for the 2nd resistance point, it is at 37.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Avangrid Inc [NYSE:AGR] is 0.65. As well, the Quick Ratio is 0.56, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 0.73 and price to earnings (TTM) ratio is 18.16.
Transactions by insiders
Recent insider trading involved Solomont Alan D, Director, that happened on Apr 01 ’24 when 138.0 shares were purchased. Director, Solomont Alan D completed a deal on Mar 01 ’24 to buy 161.0 shares. Meanwhile, Director Solomont Alan D bought 165.0 shares on Feb 01 ’24.
