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Avangrid (AGR) is a Top-Ranked Growth Stock: Should You Buy?

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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

Avangrid (AGR)

The merger of Iberdrola U.S.A with The UIL Holdings Corporation in December 2015, lead to the formation of AVANGRID. Iberdrola owns 81.6% of the outstanding shares of AVANGRID. AVANGRID is headquartered in Orange, CT, with operations in 24 U.S. states. It is the third largest solar and wind generator in the United Stateswith $40 billion ofassets. The company operates via two primary businesses, namely Avangrid Networks and Avangrid Renewables.

AGR is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 3.7% year-over-year for the current fiscal year, with sales growth of 4.9%.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.05 to $2.26 per share. AGR boasts an average earnings surprise of 3.6%.

Avangrid is also cash rich. The company has generated cash flow growth of 3.3%, and is expected to report cash flow expansion of 7.7% in 2022.

Investors should take the time to consider AGR for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.


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