Avista stock: buy or sell?
October 18th, 2019
Avista Corporation operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P.
Should I buy Avista stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Avista stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Avista stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 6 ratings published for AVA stock in the last month. The general sentiment of these ratings is bearish for AVA stock, with 4 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-5-9||Bank of America||n/a||Underperform|
Avista stock analysis
Avista shares remained steady 0.00% to $48.00 on October/18.
Avista shares remained constant 0.00% to $48.00 on Oct/18. Since August when SMA100d and SMA200d crossed up, AVA price gained $1.91 per share (4.14%). Since last June when AVA stock price broke up the SMA200d line, it gained $4.31 (9.86%).
Avista shares declined -0.81% this week, ending at $48.00. This was the third red week in a row, sliding in full a -1.57%.
Avista stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, AVA might consolidate in a flat-base, waiting to break out over or down under . Early August, SMA20w and SMA40w crossed up triggering a rise of 6.41%. Since early December 2018, when AVA stock price broke down the 40-weeks moving avarage line, it slid $-2.63 per share (-5.19%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high Avista recorded by mid November 2018 but price is just -5.75% below that top.
Avista stock price history
Avista stock historical price chart
AVA stock reached all-time highs on November with a price of $50.93.
Avista stock price target is $39.00Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 6 price predictions for Avista stock released in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-5-9||Bank of America||Initiates||n/a||$43.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when Avista posted its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an ugly drop down of -3.39% to $1,396.89 million dollars. Nonetheless, its income margin (compared to revenues) gained to 9.77%, that is $136.43 million. To have an up to date view of the financial situation of Avista, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Avista TTM sales up to March 2019 were $1,384.01 and earnings were $197.33 million USD. When comparing this TTM figures with the last reported annuality, we can review Avista business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, remained stable a bad -0.92%. Regarding profit margin, Avista raised 4.49% to 9.77%
|2013||$1,620 M||-||$111 M6.9%||-|
|2014||$1,473 M||-9.10%||$192 M13.0%||72.89%|
|2015||$1,485 M||0.83%||$123 M8.3%||-35.83%|
|2016||$1,442 M||-2.85%||$137 M9.5%||11.36%|
|2017||$1,446 M||0.24%||$116 M8.0%||-15.53%|
|2018||$1,397 M||-3.39%||$136 M9.8%||17.70%|
|TTM||$1,384 M||-0.92%||$197 M14.3%||44.64%|
Quarterly financial resultsAvista posted $396.48 M in sales for 2019-Q1, a 6.52% improvement compared to previous quarter. Reported quarter earnings marked $115.79 million with a profit margin of 29.21%. Profit margin climbed a 16.89% compared to previous quarter when profit margin was 12.32%. When comparing sales to same quarter last year, Avista sales marked a lame loss and decreased a -3.15%. Looking back to recent quarterly results, Avista posted 2 positive quarters in a row.
|2017-Q2||$315 M||-||$22 M6.9%||-|
|2017-Q3||$297 M||-5.53%||$4 M1.5%||-79.55%|
|2017-Q4||$398 M||33.92%||$28 M6.9%||519.59%|
|2018-Q1||$409 M||2.89%||$55 M13.4%||99.04%|
|2018-Q2||$319 M||-22.00%||$26 M8.0%||-53.40%|
|2018-Q3||$296 M||-7.29%||$10 M3.4%||-60.44%|
|2018-Q4||$372 M||25.74%||$46 M12.3%||353.04%|
|2019-Q1||$396 M||6.52%||$116 M29.2%||152.59%|
Avista ownershipWhen you are planning to invest in a company, it's always worth to check its ownership structure.
Avista shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.00% of all shares.
In case of Avista stock, 78.12% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for AVA stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$3.2 B||$4.8 B||$18.2 B||$5.5 B||$5.5 B|
|Total shares||66.1 M||61.1 M||283.8 M||50.4 M||199.1 M|
|Float shares||65.5 M||60.6 M||281.9 M||50.1 M||196.8 M|
|- Institutional holdings (%)||78.1%||89.7%||94.5%||78.3%||68.4%|
|- Insider holdings (%)||1.0%||0.9%||0.6%||0.6%||1.1%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$47.85 - $48.26|
|Average true range||$0.66|
|50d mov avg||$47.42|
|100d mov avg||$45.85|
|200d mov avg||$43.23|
Avista performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Avista to Black Hills, CMS Energy, IDACORP, MDU Resources, NorthWestern, Pacific Gas & Electric, Portland General Electric, WEC Energy and Xcel Energy:
|PCGPacific Gas & Ele...||-56.38%||-63.05%||-84.11%|
|PORPortland General ...||5.14%||15.05%||25.15%|