Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$25.00 and last traded at C$7.89, with a volume of 114523 shares trading hands. The stock had previously closed at C$7.91.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on AQN. National Bank Financial cut 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 downgraded shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, TD Securities increased their price objective on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the company a "hold" rating in a research note on Wednesday, June 4th. Six analysts have rated the stock with a hold rating, According to MarketBeat, Algonquin Power & Utilities currently has an average rating of "Hold" and a consensus target price of C$6.63.
Read Our Latest Analysis on AQN
Algonquin Power & Utilities Price Performance
The stock's 50 day moving average is C$7.77 and its two-hundred day moving average is C$7.13. The stock has a market capitalization of C$4.29 billion, a PE ratio of -3.97, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37.
About Algonquin Power & Utilities
(
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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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