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Saturday, April 17, 2021

AGR Has Been Put In A Limbo By Wall Street Analysts

The stocks of AGR have been given a hold rating by about six brokerage firms that covered the firm under Wall Street. According to a report, two of the investment analysts covering the firm gave the stock a rating of sell, while two other analysts gave the company a rating of hold. Incidentally, two other analysts provided the company with a rating of buy. Currently, the average price target for AGR has been set at $55, calculated over a year. 

The Quarterly Estimate Of AGR

Janney Montgomery Scott has been one of the first equity firms to give the company a rating of buy after it had previously set up a rating of neutral. The price target has also been increased from $45 to $55. 

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The stocks of AGR traded on Thursday at $45.64. The debt-to-equity ratio of the company has been set at 0.45, while the current ratio is fixed at 0.46. The year low for Avangrid is $35.62, while the year high is $57.24. The moving average price of the company over 50 days is $46.42, while the moving average price of the company over 200 days is $48.28. The market cap of the firm is $14.13 billion, with a 22.16 PE ratio, and a 4.35 PEG ratio.

The company previously reported its quarterly data on the 22nd of February. The EPS reported by the company over the quarter was $0.62, which comprehensively beat out the consensus estimate of $0.57. The net margin that AGR brought out was 10.19%, with a 4.20% return on its equity. The revenue of the firm was $1.67 billion, which was a bit less than the $1.70 billion consensus estimate.

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