Extremely important positive changes in investment behavior have recently occurred for Avista Corp (NYSE: AVA): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Avista Corp (NYSE: AVA). Slight positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Avista has a neutral Power Rating of 53 but a good Appreciation Score of 71, leading to the Positive Value Trend Rating.
Recent Price Action
Avista Corp (NYSE: AVA) stock rose modestly by 0.7% on 6/28/24. The stock closed at $34.61. Moreover, trading volume in this advance was exceptionally high at 221% of normal. The stock has performed in line with the market over the last nine months and has risen 2.3% during the last week.
Be the first to comment