Algonquin Power & Utilities (TSE:AQN) Upgraded at TD Securities

Key Points

• TD Securities has lowered its price target for Algonquin Power & Utilities from C$6.50 to C$6.00, indicating a potential downside of 23.37% from the current stock price.
• Multiple analysts have downgraded their ratings on Algonquin Power & Utilities to "hold," with a consensus average price target of C$6.38.
• The stock has seen fluctuating prices, with a 52-week low of C$6.03 and a high of C$8.56, currently trading at C$7.83.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) was upgraded by equities research analysts at TD Securities to a "hold" rating in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has a C$6.00 price objective on the stock, down from their prior price objective of C$6.50. TD Securities' target price would indicate a potential downside of 26.02% from the stock's current price.

AQN has been the subject of a number of other research reports. National Bank Financial lowered shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 price objective for the company. in a report on Tuesday, June 3rd. BMO Capital Markets lowered shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.

Algonquin Power & Utilities Trading Up 1.4%

TSE AQN traded up C$0.11 during trading hours on Monday, reaching C$8.11. The company's stock had a trading volume of 3,116,168 shares, compared to its average volume of 2,215,676. The firm has a fifty day simple moving average of C$7.99 and a 200-day simple moving average of C$7.47. The stock has a market cap of C$4.40 billion, a P/E ratio of -4.07, a P/E/G ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities has a 52 week low of C$6.03 and a 52 week high of C$8.56. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37.

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.