Algonquin Power & Utilities (TSE:AQN) Sets New 1-Year High - Should You Buy?

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$25.15 and last traded at C$7.95, with a volume of 320764 shares trading hands. The stock had previously closed at C$7.97.

Analysts Set New Price Targets

Several research analysts recently weighed in on AQN shares. BMO Capital Markets lowered shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. TD Securities raised their target price on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Finally, 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 for the company. in a research report on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$6.63.

Algonquin Power & Utilities Trading Down 0.4%

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's 50-day moving average is C$7.81 and its 200-day moving average is C$7.18. The firm has a market cap of C$4.31 billion, a price-to-earnings ratio of -3.98, a P/E/G ratio of 1.07 and a beta of 0.52.

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.

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