Algonquin Power & Utilities (TSE:AQN) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Technical breakout: AQN crossed above its 200‑day moving average (200‑day MA C$8.54), trading as high as C$8.68 and last at C$8.67 on roughly 2.31 million shares.
• Analyst consensus: Ratings are mixed but skew positive — MarketBeat shows a consensus Buy with an average price target of C$7.58, while individual targets range from C$6.00 (TD) to C$10.00 (Barclays).
• Fundamentals and risk: Market cap is C$6.66B with a P/E of 39.41 and a high debt‑to‑equity ratio of 140.99; the company posted C$0.08 EPS and C$829.86M revenue in the most recent quarter, indicating modest profitability amid significant leverage.

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.54 and traded as high as C$8.68. Algonquin Power & Utilities shares last traded at C$8.67, with a volume of 2,309,918 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on AQN shares. TD Securities lowered their price target on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a "hold" rating for the company in a research note on Monday, March 9th. Scotiabank upgraded Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 16th. Raymond James Financial upgraded Algonquin Power & Utilities from a "hold" rating to a "moderate buy" rating in a research note on Monday, March 9th. Barclays set a C$10.00 target price on Algonquin Power & Utilities and gave the company an "overweight" rating in a research note on Wednesday, April 1st. Finally, National Bank Financial upgraded Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$7.58.

Algonquin Power & Utilities Stock Performance

The company has a market cap of C$6.66 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 1.07 and a beta of 1.27. The company has a debt-to-equity ratio of 140.99, a current ratio of 1.00 and a quick ratio of 0.37. The stock has a 50-day moving average price of C$8.91 and a 200 day moving average price of C$8.54.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last released its quarterly earnings results on Friday, March 6th. The company reported C$0.08 EPS for the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%.The company had revenue of C$829.86 million for the quarter. As a group, analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.

About Algonquin Power & Utilities

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.