A number of research firms have changed their ratings and price targets for Avista Corporation (NYSE: AVA):

  • 8/3/2017 – Avista Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/21/2017 – Avista Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “Avista Corp. is a diversified energy company with utility and subsidiary operations located throughout North America. Avista Corp. also operates Avista Capital, which owns all the company’s non-regulated energy and non-energy businesses. Avista Capital companies include Avista Energy, Avista Energy Canada, Ltd., Avista Power, Avista Advantage, Avista Labs, Avista Fiber, Avista Communiations, Avista Development and Pentzer Corporation. (PRESS RELEASE) “
  • 7/21/2017 – Avista Corporation had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $53.00 price target on the stock.
  • 7/20/2017 – Avista Corporation was downgraded by analysts at Williams Capital from a “hold” rating to a “sell” rating. They now have a $42.00 price target on the stock, up previously from $38.00.
  • 7/4/2017 – Avista Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Avista Corp. is a diversified energy company with utility and subsidiary operations located throughout North America. Avista Corp. also operates Avista Capital, which owns all the company’s non-regulated energy and non-energy businesses. Avista Capital companies include Avista Energy, Avista Energy Canada, Ltd., Avista Power, Avista Advantage, Avista Labs, Avista Fiber, Avista Communiations, Avista Development and Pentzer Corporation. (PRESS RELEASE) “
  • 6/28/2017 – Avista Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/20/2017 – Avista Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/20/2017 – Avista Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “Avista Corp. is a diversified energy company with utility and subsidiary operations located throughout North America. Avista Corp. also operates Avista Capital, which owns all the company’s non-regulated energy and non-energy businesses. Avista Capital companies include Avista Energy, Avista Energy Canada, Ltd., Avista Power, Avista Advantage, Avista Labs, Avista Fiber, Avista Communiations, Avista Development and Pentzer Corporation. (PRESS RELEASE) “

Avista Corporation (NYSE:AVA) opened at 52.39 on Wednesday. The company has a market capitalization of $3.37 billion, a P/E ratio of 24.85 and a beta of 0.42. The stock’s 50 day moving average is $46.05 and its 200-day moving average is $41.70. Avista Corporation has a 12-month low of $37.78 and a 12-month high of $52.83.

Avista Corporation (NYSE:AVA) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Avista Corporation had a return on equity of 8.19% and a net margin of 9.35%. The firm had revenue of $314.50 million for the quarter, compared to the consensus estimate of $326.33 million. During the same period in the prior year, the company earned $0.43 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts predict that Avista Corporation will post $1.94 earnings per share for the current fiscal year.

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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