Stock Rating Upgrade
The Value Trend Rating for Avista Corp (NYSE: AVA) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Avista Corp (NYSE: AVA) stock closed at $35.04 on 6/7/24 after a modest decline of -1.4%. Moreover, above average trading volume at 128% of normal accompanied the decline. The stock has declined -3.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
AVA is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Avista has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Avista has a neutral Power Rating of 55 but a good Appreciation Score of 71, leading to the Positive Value Trend Rating.
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