Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.40 and traded as high as C$8.17. Algonquin Power & Utilities shares last traded at C$8.14, with a volume of 2,056,593 shares.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on AQN. TD Securities boosted their target price on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. National Bank Financial downgraded shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 price target for the company. in a research note on Tuesday, June 3rd. Finally, 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. Six research analysts have rated the stock with a hold rating, According to MarketBeat, Algonquin Power & Utilities currently has a consensus rating of "Hold" and a consensus target price of C$6.63.
View Our Latest Report on AQN
Algonquin Power & Utilities Stock Performance
The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The firm has a market capitalization of C$4.23 billion, a P/E ratio of -3.92, a P/E/G ratio of 1.07 and a beta of 0.52. The stock's 50 day moving average is C$8.00 and its two-hundred day moving average is C$7.43.
Algonquin Power & Utilities Company Profile
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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.
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