Shares of Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.04 and traded as high as C$7.92. Algonquin Power & Utilities shares last traded at C$7.86, with a volume of 449,344 shares changing hands.
Analyst Ratings Changes
AQN has been the topic of several research analyst reports. National Bank Financial cut Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 price objective on the stock. in a research note 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 report on Monday, May 12th. Finally, TD Securities lifted their price target on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the company a "hold" rating in a report on Wednesday, June 4th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average target price of C$6.63.
Read Our Latest Report on AQN
Algonquin Power & Utilities Price Performance
The firm has a market capitalization of C$4.26 billion, a price-to-earnings ratio of -3.94, a PEG ratio of 1.07 and a beta of 0.52. 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 business has a 50-day moving average price of C$7.66 and a two-hundred day moving average price of C$7.04.
Algonquin Power & Utilities Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Algonquin Power & Utilities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Algonquin Power & Utilities wasn't on the list.
While Algonquin Power & Utilities currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
