Algonquin Power & Utilities (TSE:AQN) Downgraded by National Bank Financial to Hold

Algonquin Power & Utilities (TSE:AQN - Get Free Report) was downgraded by investment analysts at National Bank Financial from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday, MarketBeat Ratings reports. They currently have a C$6.75 target price on the stock. National Bank Financial's target price suggests a potential downside of 15.84% from the company's current price. National Bank Financial also issued estimates for Algonquin Power & Utilities' Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.44 EPS, FY2026 earnings at $0.50 EPS and FY2027 earnings at $0.59 EPS.

A number of other analysts have also weighed in on the company. BMO Capital Markets lowered Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. TD Securities upped their target price on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a "hold" rating in a report on Wednesday. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, Algonquin Power & Utilities presently has a consensus rating of "Hold" and a consensus price target of C$6.63.

Algonquin Power & Utilities Trading Up 0.4%

Shares of TSE AQN traded up C$0.03 during trading hours on Tuesday, reaching C$8.02. The stock had a trading volume of 2,329,099 shares, compared to its average volume of 2,409,481. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. The firm has a market cap of C$4.35 billion, a price-to-earnings ratio of -4.02, a P/E/G ratio of 1.07 and a beta of 0.52. The business's fifty day moving average price is C$7.47 and its two-hundred day moving average price is C$6.97. Algonquin Power & Utilities has a 52-week low of C$6.03 and a 52-week high of C$8.76.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its quarterly 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 net margin of 39.22% and a negative return on equity of 19.30%. During the same period in the previous year, the business posted $0.16 earnings per share. Analysts expect that Algonquin Power & Utilities will post 0.4650555 EPS for the current fiscal year.

Insiders Place Their Bets

In other Algonquin Power & Utilities news, Director Randy David Laney acquired 9,795 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of C$7.02 per share, for a total transaction of C$68,803.21. 0.06% of the stock is owned by company insiders.

About Algonquin Power & Utilities

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.