Avista (AVA – Research Report) received a Hold rating and price target from KeyBanc analyst Sophie Karp today. The company’s shares closed yesterday at $34.78.
Karp covers the Utilities sector, focusing on stocks such as Northwestern, Avista, and Consolidated Edison. According to TipRanks, Karp has an average return of 5.0% and a 49.81% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Avista with a $34.50 average price target.
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Based on Avista’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $379.94 million and a net profit of $17.48 million. In comparison, last year the company earned a revenue of $378.57 million and had a net profit of $11.45 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock.
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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 management to meet with KeyBanc
- Avista selling at ‘absurd’ price, Barron’s says
- Avista Corp. Names New President and Announces Senior Leadership Changes
- Avista issues request for proposals for renewable or responsibly produced natural gas
- Avista Makes Annual Price Adjustment Requests in Washington and Idaho
