Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s stock price shot up 12% on Tuesday . The stock traded as high as C$8.26 and last traded at C$8.24. 3,419,597 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 2,333,952 shares. The stock had previously closed at C$7.36.
Analyst Ratings Changes
Several research firms have weighed in on AQN. 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. TD Securities raised their price target on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the company a "hold" rating in a report on Wednesday. Finally, National Bank Financial downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 target price on the stock. in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$6.63.
Check Out Our Latest Analysis on AQN
Algonquin Power & Utilities Trading Down 1.6%
The stock has a market cap of C$4.33 billion, a P/E ratio of -4.01, a P/E/G 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 company has a 50-day moving average price of C$7.45 and a two-hundred day moving average price of C$6.95.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The company reported C$0.06 earnings per share for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, research analysts expect that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.
Insider Activity at Algonquin Power & Utilities
In other Algonquin Power & Utilities news, Director Randy David Laney acquired 9,795 shares of the business's stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$7.02 per share, with a total value of C$68,803.21. 0.06% of the stock is currently owned by insiders.
About Algonquin Power & Utilities
(
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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