Algonquin Power & Utilities (TSE:AQN) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Algonquin stock moved above its 200-day moving average
• Analyst coverage is mixed but the consensus is a "Buy" with a consensus target of C$7.58; individual targets range from TD's C$6.00 to Barclays' C$10.00, leaving the consensus target below the current share price.
• On fundamentals, AQN has a market cap of C$6.75B, a high debt-to-equity ratio (140.99) and a P/E of ~39.95, alongside modest recent profitability (quarterly EPS C$0.08, ROE 3.88%), indicating leverage and valuation risks.

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.58 and traded as high as C$8.81. Algonquin Power & Utilities shares last traded at C$8.79, with a volume of 1,418,057 shares changing hands.

Analysts Set New Price Targets

AQN has been the topic of several research analyst reports. TD Securities cut their price target on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a "hold" rating on the stock in a research report on Monday, March 9th. Raymond James Financial raised Algonquin Power & Utilities from a "hold" rating to a "moderate buy" rating in a report on Monday, March 9th. Barclays set a C$10.00 target price on shares of Algonquin Power & Utilities and gave the company an "overweight" rating in a report on Wednesday, April 1st. Finally, National Bank Financial upgraded shares of Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$7.58.

Algonquin Power & Utilities Price Performance

The company has a 50-day moving average of C$8.89 and a 200-day moving average of C$8.58. The company has a debt-to-equity ratio of 140.99, a quick ratio of 0.37 and a current ratio of 1.00. The stock has a market cap of C$6.75 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 1.07 and a beta of 1.27.

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

Algonquin Power & Utilities Company Profile

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.

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