Algonquin Power & Utilities (TSE:AQN) Trading 10.6% Higher - What's Next?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) were up 10.6% during trading on Tuesday . The company traded as high as C$8.17 and last traded at C$8.14. Approximately 2,073,748 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 2,315,337 shares. The stock had previously closed at C$7.36.

Analyst Ratings Changes

A number of analysts have commented on AQN shares. TD Securities increased 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 research note on Wednesday. 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 target for the company. in a research note on Tuesday. Finally, BMO Capital Markets cut 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$6.63.

Algonquin Power & Utilities Trading Down 1.6%

The business's 50 day moving average price is C$7.45 and its 200-day moving average price is C$6.95. 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 company has a market cap of C$4.33 billion, a price-to-earnings ratio of -4.01, a PEG ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last posted its earnings results on Friday, March 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the firm posted $0.16 EPS. On average, equities analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.

Insider Transactions at Algonquin Power & Utilities

In related news, Director Randy David Laney bought 9,795 shares of the business's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of C$7.02 per share, for a total transaction of C$68,803.21. 0.06% of the stock is currently owned by corporate insiders.

Algonquin Power & Utilities Company Profile

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.