Avangrid with ticker code (AGR) have now 10 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 57 and 40 and has a mean target at 45. With the stocks previous close at 50.09 this indicates there is a potential downside of -10.2%. The 50 day moving average now sits at 47.49 and the 200 moving average now moves to 47.2. The market capitalisation for the company is $19,354m. Visit the company website at: https://www.avangrid.com
The potential market cap would be $17,388m based on the market concensus.
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 through Networks and Renewables segments. 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 8.8 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.
