Janney has recently reduced Avangrid Inc (AGR) stock to Sell rating, as announced on March 8, 2024, according to Finviz. Earlier, on June 21, 2023, KeyBanc Capital Markets had raised the stock from a Underweight to Sector Weight. Mizuho also raised Neutral rating with a price target of $39. Additionally, KeyBanc Capital Markets reduced Underweight rating on June 27, 2022, with a target price of $40. Siebert Williams Shank analysts, in their report published on June 9, 2022, also initiated Buy rating and set a price target of for Avangrid Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Avangrid Inc (AGR) Stock Trading Recap
On Friday, Avangrid Inc (AGR) stock saw a decline, ending the day at $35.5 which represents a decrease of $-0.03 or -0.08% from the prior close of $35.53. The stock opened at $35.59 and touched a low of $35.45 during the day, reaching a high of $35.63. The volume of shares traded was 1.69 million exceeding the average volume of 0.57 million.
AGR Stock Performance and Moving Averages
In recent trading, Avangrid Inc (AGR) stock price has shown some volatility, fluctuating -1.36% over the last five trades and -0.84% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -2.04%, and it has plunged by -0.48% in the previous three months. Currently, AGR is trading at -1.00%, -0.42%, and 3.34% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, AGR, a Utilities sector stock, is trading -5.84% below its 52-week high but remains 29.28% above its 52-week low. The Average True Range (ATR) (14 days) of 0.17 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Avangrid Inc’s Profitability and Valuation Ratios
Avangrid Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 16.75% and a profit margin of 11.10%, with a gross margin of -2.04%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Avangrid Inc’s market capitalization stands at $13.74 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 14.09, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 14.68. Additionally, the Price-to-Sales Ratio is 1.56, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.69, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 81.67% of Avangrid Inc (AGR)’s shares, while financial institutions hold 12.49%.
