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Avangrid (AGR) Gets a Sell Rating from J.P. Morgan

In a report released yesterday, Richard Sunderland from J.P. Morgan maintained a Sell rating on Avangrid (AGRResearch Report), with a price target of $39.00. The company’s shares closed last Wednesday at $44.86.

According to TipRanks.com, Sunderland is a 2-star analyst with an average return of 1.0% and a 54.5% success rate. Sunderland covers the Utilities sector, focusing on stocks such as New Jersey Resources, American Water, and Southwest Gas.

Currently, the analyst consensus on Avangrid is a Moderate Sell with an average price target of $47.00.

See the top stocks recommended by analysts >>

Avangrid’s market cap is currently $17.35B and has a P/E ratio of 20.95.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AGR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Avangrid, Inc. is a diversified energy and utility company. It operates regulated utilities and electricity generation assets through two primary lines of business: Avangrid Networks and Avangrid Renewables. The Avangrid Networks includes eight electric and natural gas utilities. The Avangrid Renewables provides electricity through wind power, across the United States. The company was founded in 1852 and is headquartered in Orange, CT.

Read More on AGR:

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