Momentum Stock Watch: Avista Corporation (AVA)

Company Profile:

Avista Corporation is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 383,000 customers and natural gas to 349,000 customers. Its service territory covers 30,000 square miles in eastern Washington , northern Idaho and parts of southern and eastern Oregon , with a population of 1.6 million. Avista Corporation was founded in 1889 and is headquartered in Spokane, Washington.

Recent News:

The board of directors declared a quarterly dividend of $0.3725 per share on the company’s common stock. The common stock dividend is payable Sept. 14, 2018, to shareholders of record at the close of business on Aug. 31, 2018.

Avista Corp. reported net income attributable to Avista Corp. shareholders of $25.6 million, or $0.39 per diluted share for the second quarter of 2018.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AVA’s strengths can be seen in its better profitability and better Solvency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, RSI is strong in the bullish zone and MACD is trying to cross back up. We rate Avista Corporation (AVA) a STRONG BUY.

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