Assessing Whether Avista Corp. (NYSE: AVA) Is Over- Or Undervalued

Avista Corp. (AVA) concluded trading on Thursday at a closing price of $35.02, with 0.48 million shares of worth about $16.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.25% during that period and on March 28, 2024 the price saw a gain of about 0.98%. Currently the company’s common shares owned by public are about 78.07M shares, out of which, 77.37M shares are available for trading.

Stock saw a price change of 3.61% in past 5 days and over the past one month there was a price change of 4.57%. Year-to-date (YTD), AVA shares are showing a performance of -2.01% which decreased to -15.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.53 but also hit the highest price of $45.13 during that period. The average intraday trading volume for Avista Corp. shares is 612.02K. The stock is currently trading 3.55% above its 20-day simple moving average (SMA20), while that difference is up 3.96% for SMA50 and it goes to 0.30% higher than SMA200.

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Avista Corp. (NYSE: AVA) currently have 78.07M outstanding shares and institutions hold larger chunk of about 86.41% of that.

The stock has a current market capitalization of $2.74B and its 3Y-monthly beta is at 0.50. PE ratio of stock for trailing 12 months is 15.72, while it has posted earnings per share of $2.23 in the same period. Its PEG reads 2.54 and has Quick Ratio of 0.65 while making debt-to-equity ratio of 1.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AVA, volatility over the week remained 1.55% while standing at 1.88% over the month.

Analysts are in expectations that Avista Corp. (AVA) stock would likely to be making an EPS of $1.05 in the current quarter, while forecast for next quarter EPS is $0.29 and it is $2.58 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.93 which is $1.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.73 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.88% while it is estimated to increase by 6.71% in next year. EPS is likely to grow at an annualized rate of 6.20% for next 5-years, compared to annual growth of 1.58% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on January 22, 2024 offering a Neutral rating for the stock and assigned a target price of $34 to it. On February 09, 2023, Mizuho Downgrade their recommendations, while on November 02, 2022, Mizuho Downgrade their ratings for the stock with a price target of $40. Stock get an Underweight rating from KeyBanc Capital Markets on November 01, 2022.

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