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Zacks Investment Research recorded Avista Corp (NYSE:AVA), hiking its target to $49.00 earlier today

Yesterday Avista Corp (NYSE:AVA) traded 0.49% higher at $44.03. The company’s 50-day moving average is $51.85 and its 200-day moving average is $44.34. The last stock close price is down 16.48% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 1,007,244 shares of the stock were exchanged, up from an average trading volume of 698,027

Zacks Investment Research increased the stock price target of Avista Corp (NYSE:AVA) to $49.00 indicating a possible upside of 0.11%.

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Avista Corp (NYSE:AVA)

Avista Corp has a PE ratio of 24.42 with a one year low of $37.78 and a one year high of $52.83 Avista Corp’s market capitalization is presently $0.

A total of 5 brokerages have issued a ratings update on Avista Corp. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, five brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $38.60.

General Company Details For Avista Corp (NYSE:AVA)

Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company's regional services include government and higher education, medical services, retail trade and finance. The Company's businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company. Avista Utilities is an operating division of the Company, which consists of its regulated utility operations in the Pacific Northwest. Avista Utilities division generates, transmits and distributes electricity, and distributes natural gas. As of December 31, 2016, AEL&P operated five hydroelectric generation facilities with 102.7 megawatts (MW) of hydroelectric generation capacity.

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