Avangrid – Consensus Indicates Potential 4.5% Upside

Broker Ratings

Avangrid with ticker code (AGR) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 56 and 36 and has a mean target at 42.71. With the stocks previous close at 40.86 this would indicate that there is a potential upside of 4.5%. The 50 day moving average now sits at 42.33 and the 200 moving average now moves to 44.49. The company has a market capitalisation of $15,628m. Company Website: https://www.avangrid.com

The potential market cap would be $16,335m based on the market concensus.

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Avangrid, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates in two segments: Networks and Renewables. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, the company generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 9.2 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid is a subsidiary of Iberdrola, S.A.

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