Guggenheim Reiterates Their Hold Rating on Avista Corp (AVA)

By Jason Carr

Guggenheim analyst Shahriar Pourreza reiterated a Hold rating on Avista Corp (AVAResearch Report) on February 8 and set a price target of $38. The company’s shares closed on Friday at $41.07, close to its 52-week low of $39.92.

According to TipRanks.com, Pourreza is a 5-star analyst with an average return of 13.8% and a 81.7% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Newjersey Resources Corp, American Electric Power, and Edison International.

Avista Corp has an analyst consensus of Hold, with a price target consensus of $38.

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The company has a one-year high of $52.91 and a one-year low of $39.92. Currently, Avista Corp has an average volume of 905.1K.

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Avista Corp. engages in the generation, transmission, and distribution of electricity and natural gas, as well as other energy-related businesses. It operates through the Avista Utilities, Alaska Electric Light and Power Company, and Other segments. The Avista Utilities segment generates, transmits, and distributes electricity and natural gas.