Avista Corporation (NYSE:AVA) Earns News Sentiment Rating of 0.19
Media headlines about Avista Corporation (NYSE:AVA) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avista Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.5861730796341 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Avista disappointed by Washington Commission’s decision in Power Cost Rate Adjustment filing (finance.yahoo.com)
- Everything Investors Need to Know About the Avista/Hydro One Deal (fool.com)
- Hydro One Announces Closing of $1.54 Billion Bought Deal Offering of Convertible Debentures Represented by Instalment Receipts (finance.yahoo.com)
- Comparing Avista Corporation (NYSE:AVA) & MDU Resources Group (MDU) (americanbankingnews.com)
Shares of Avista Corporation (AVA) opened at 52.30 on Friday. The company’s 50-day moving average is $47.25 and its 200 day moving average is $42.16. Avista Corporation has a 1-year low of $37.78 and a 1-year high of $52.83. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 24.73 and a beta of 0.42.
Avista Corporation (NYSE:AVA) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $314.50 million for the quarter, compared to the consensus estimate of $326.33 million. Avista Corporation had a return on equity of 8.19% and a net margin of 9.35%. Avista Corporation’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. On average, equities research analysts expect that Avista Corporation will post $1.94 EPS for the current fiscal year.
AVA has been the topic of several research reports. Zacks Investment Research lowered shares of Avista Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BMO Capital Markets reiterated a “hold” rating and set a $53.00 price objective on shares of Avista Corporation in a research note on Friday, July 21st. Williams Capital lowered shares of Avista Corporation from a “hold” rating to a “sell” rating and increased their price objective for the stock from $38.00 to $42.00 in a research note on Thursday, July 20th. Finally, BidaskClub upgraded shares of Avista Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $47.75.
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About Avista Corporation
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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