Algonquin Power & Utilities Corp. (TSE:AQN) Given Consensus Rating of "Hold" by Analysts

Key Points

• Algonquin Power & Utilities Corp. (TSE:AQN) has received a consensus rating of "Hold" from six analysts, with an average price target of C$6.63.
• Recent price target adjustments include TD Securities raising their target to C$6.50 and National Bank Financial lowering their rating from "strong-buy" to "hold".
• The company's stock is currently trading at C$8.22, with a 1-year range between C$6.03 and C$8.76.

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) has been assigned a consensus rating of "Hold" from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$6.63.

AQN has been the topic of a number of recent research reports. National Bank Financial downgraded shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 target price on the stock. in a research report on Tuesday, June 3rd. TD Securities upped their target price on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Finally, BMO Capital Markets downgraded shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

Algonquin Power & Utilities Stock Up 0.9%

Shares of Algonquin Power & Utilities stock traded up C$0.07 during trading hours on Friday, reaching C$8.25. The company's stock had a trading volume of 1,904,817 shares, compared to its average volume of 2,202,643. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The stock's fifty day simple moving average is C$7.93 and its two-hundred day simple moving average is C$7.34. Algonquin Power & Utilities has a one year low of C$6.03 and a one year high of C$8.76. The company has a market capitalization of C$4.47 billion, a P/E ratio of -4.14, a P/E/G ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.