Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.87 and traded as high as C$7.78. Algonquin Power & Utilities shares last traded at C$7.61, with a volume of 1,605,255 shares changing hands.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. TD Securities raised their price target on shares of Algonquin Power & Utilities from C$5.00 to C$6.00 and gave the company a "hold" rating in a report on Monday, May 12th. BMO Capital Markets lowered shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$6.00.
Read Our Latest Stock Report on AQN
Algonquin Power & Utilities Stock Performance
The firm has a market capitalization of C$4.20 billion, a price-to-earnings ratio of -3.89, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The firm's 50-day moving average price is C$7.39 and its two-hundred day moving average price is C$6.90. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same quarter in the prior year, the firm earned $0.16 EPS. Sell-side analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current year.
Insider Activity
In other Algonquin Power & Utilities news, Director Randy David Laney acquired 9,795 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of C$7.02 per share, for a total transaction of C$68,803.21. 0.06% of the stock is owned by insiders.
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.
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