From what 3 stock analysts predict, the share price for Avista Corp (AVA) might increase by 3.49% in the next year. This is based on a 12-month average estimation for AVA. Price targets go from $36 to $50. The majority of stock analysts believe AVA is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 3 Wall Street analysts have assignedAVA 0 buy ratings, 2 hold ratings, and 1 sell ratings. This means that analysts expect Avista Corp to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on AVA. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of AVA.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Ross Fowler B of A Securities | Underperform | $37 | Reinstates | Sep 12, 2024 |
Anthony Crowdell Mizuho | Neutral | $36 | Upgrade | May 3, 2024 |
Shahriar Pourreza Guggenheim | Neutral | $34 | Upgrade | Jan 22, 2024 |
Anthony Crowdell Mizuho | Underperform | $33 | Maintains | Sep 22, 2023 |
Sophie Karp Keybanc | Sector Weight | Upgrade | Aug 25, 2023 | |
Anthony Crowdell Mizuho | Underperform | $36 | Maintains | Jul 21, 2023 |
Shahriar Pourreza Guggenheim | Sell | $33 | Maintains | Jul 7, 2023 |
Anthony Crowdell Mizuho | Underperform | $38 | Downgrade | Feb 9, 2023 |
Sophie Karp Keybanc | Underweight | $32 | Maintains | Jan 17, 2023 |
Anthony Crowdell Mizuho | Neutral | $44 | Maintains | Dec 13, 2022 |
Anthony Crowdell Mizuho | Neutral | $40 | Downgrade | Nov 2, 2022 |
Sophie Karp Keybanc | Underweight | $33 | Downgrade | Nov 2, 2022 |
Anthony Crowdell Mizuho | Buy | Upgrade | Sep 23, 2022 | |
Anthony Crowdell Mizuho | Neutral | $44 | Maintains | Jun 29, 2022 |
Mizuho | Neutral | Initiates | Mar 10, 2022 | |
Sidoti & Co. | Neutral | Downgrade | Mar 26, 2021 | |
B of A Securities | Underperform | Downgrade | Jan 8, 2021 | |
B of A Securities | Neutral | $35 | Downgrade | Sep 22, 2020 |
Keybanc | Sector Weight | Upgrade | Mar 24, 2020 | |
KeyBanc | Sector Weight | Upgrade | Mar 24, 2020 |
When did it IPO
1987
Staff Count
0
Country
United States
Sector/Industry
Utilities/Utilities—Diversified
CEO
Mr. Dennis P. Vermillion
Market Cap
$3.04B
In 2023, AVA generated $1.75B in revenue, which was a increase of 2.42% from the previous year. This can be seen as a signal that AVA's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Avista is seeking long-term renewable natural gas resources for its customers through a request for proposal (RFP), as announced on September 3, 2024.
Why It Matters - Avista's RFP for renewable natural gas signals a strategic shift towards sustainable energy, potentially enhancing long-term profitability and environmental compliance, impacting investor sentiment.
Summary - Changes for electric customers will take effect on November 1, 2024, and for natural gas customers on November 15, 2024.
Why It Matters - The upcoming changes in utility rates could impact revenue and profitability for energy companies, influencing stock prices and investor sentiment in the sector.
Summary - Heather Rosentrater has been appointed as the first female CEO in the Company's history.
Why It Matters - The appointment of Heather Rosentrater as the first female CEO signals potential shifts in corporate culture and governance, which may impact investor sentiment and company performance.
Summary - Investors often seek dividend-yielding stocks during market turbulence, as these companies typically have strong cash flows and provide substantial shareholder dividends.
Why It Matters - In turbulent markets, dividend-yielding stocks attract investors seeking stability and income, often indicating strong cash flows and reliable returns amidst uncertainty.
Summary - Avista Corporation, a regulated utility in the Pacific Northwest, plans to invest $1.6 billion for growth, targeting a 9%-11% annual total return. Stock up 19.16%, underperforming the S&P 500.
Why It Matters - Avista's growth strategy and significant investment in expansion indicate potential for future earnings, but underperformance against the S&P 500 raises concerns about its competitiveness.
Summary - Avista Corporation (NYSE: AVA) will hold its Q2 2024 earnings conference call on August 7, 2024, at 10:30 AM ET, featuring key executives including the CEO and CFO.
Why It Matters - Avista Corporation's Q2 2024 earnings call provides insights into financial performance and strategic direction, influencing stock valuation and investor sentiment.