Shares of Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) reached a new 52-week high during trading on Wednesday after TD Securities raised their price target on the stock from C$6.00 to C$6.50. TD Securities currently has a hold rating on the stock. Algonquin Power & Utilities traded as high as C$25.02 and last traded at C$8.23, with a volume of 2071017 shares trading hands. The stock had previously closed at C$8.54.
Separately, BMO Capital Markets lowered Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Algonquin Power & Utilities currently has an average rating of "Hold" and an average target price of C$6.63.
View Our Latest Stock Analysis on AQN
Insider Activity at Algonquin Power & Utilities
In other Algonquin Power & Utilities news, Director Randy David Laney acquired 9,795 shares of Algonquin Power & Utilities stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of C$7.02 per share, with a total value of C$68,803.21. 0.06% of the stock is owned by insiders.
Algonquin Power & Utilities Trading Up 0.4%
The company has a market cap of C$4.35 billion, a PE ratio of -4.02, a PEG ratio of 1.07 and a beta of 0.52. 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 company has a 50 day simple moving average of C$7.47 and a two-hundred day simple moving average of C$6.96.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last released its earnings results on Friday, March 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same quarter in the previous year, the company posted $0.16 earnings per share. Sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.
Algonquin Power & Utilities Company Profile
(
Get Free Report)
Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
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