Avangrid with ticker code (AGR) have now 8 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 60 and 42 calculating the mean target price we have 50.13. Given that the stocks previous close was at 46.03 this indicates there is a potential upside of 8.9%. The 50 day moving average now sits at 48.5 and the 200 moving average now moves to 51.28. The market cap for the company is $17,618m. Visit the company website at: https://www.avangrid.com
The potential market cap would be $19,187m based on the market concensus.
Avangrid operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. The company 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, it 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. Avangrid owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.5 gigawatts of electricity capacity primarily through wind power in 22 states. The company was founded in 1852 and is headquartered in Orange, Connecticut. Avangrid is a subsidiary of Iberdrola, S.A.
