Bank of America Securities analyst Julien Dumoulin Smith reiterated a Sell rating on Avista (AVA – Research Report) yesterday and set a price target of $39.00. The company’s shares closed yesterday at $44.02.
Dumoulin Smith covers the Utilities sector, focusing on stocks such as Southern Co, American Electric Power, and Cheniere Energy. According to TipRanks, Dumoulin Smith has an average return of 5.5% and a 57.23% success rate on recommended stocks.
Avista has an analyst consensus of Strong Sell, with a price target consensus of $36.33.
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The company has a one-year high of $44.76 and a one-year low of $34.91. Currently, Avista has an average volume of 932.4K.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVA in relation to earlier this year.
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Avista Corp. is a holding company, which engages in the provision of electric and natural gas utility business. It operates through the Avista Utilities; and Alaska Electric Light and Power Company (AEL&P) segments. The Avista Utilities segment includes electric distribution and transmission, and natural gas distribution services in parts of eastern Washington, Northern Idaho, and Northeastern and Southwestern Oregon. The AEL&P segment offers electric services in Juneau. The company was founded on March 13, 1889 and is headquartered in Spokane, WA.
Read More on AVA:
- Avista Corp. First Quarter 2023 Earnings Conference Call and Webcast Announced
- Avista files 2023 Natural Gas Integrated Resource Plan
- Ethisphere names Avista as one of the 2023 World’s Most Ethical Companies® for the fourth time
- Kevin Jacobsen Nominated to Join Avista Corp. Board of Directors as Kristianne Blake Retires from Board
- Avista files PUC request to increase natural gas base rates
