Analyst Price Target is $37.75
▲ +12.96% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Avangrid in the last 3 months. The average price target is $37.75, with a high forecast of $43.00 and a low forecast of $35.00. The average price target represents a 12.96% upside from the last price of $33.42.
Current Consensus is
Reduce
The current consensus among 4 investment analysts is to reduce stock in Avangrid. This Reduce consensus rating has held steady for over two years.
Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates in two segments: Networks and Renewables. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. The company also operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. It delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, the company generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 9.2 gigawatts of electricity capacity primarily through wind power in 22 states. The company was incorporated in 1997 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.
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