Algonquin Power & Utilities (TSE:AQN - Free Report) had its price target hoisted by TD Securities from C$5.00 to C$6.00 in a report issued on Monday,BayStreet.CA reports. They currently have a hold rating on the stock.
Algonquin Power & Utilities Price Performance
Shares of AQN traded up C$0.03 during mid-day trading on Monday, reaching C$7.69. 136,079 shares of the stock traded hands, compared to its average volume of 2,387,602. The firm has a fifty day moving average price of C$7.31 and a 200 day moving average price of C$6.85. The company has a market cap of C$4.17 billion, a price-to-earnings ratio of -3.86, a price-to-earnings-growth 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. Algonquin Power & Utilities has a 1 year low of C$6.03 and a 1 year high of C$9.19.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the firm posted $0.16 EPS. As a group, equities research analysts predict that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current year.
Insider Activity
In other Algonquin Power & Utilities news, Director Randy David Laney purchased 9,795 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of C$7.02 per share, for a total transaction of C$68,803.21. Insiders own 0.06% of the company's stock.
Algonquin Power & Utilities Company Profile
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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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