Algonquin Power & Utilities (TSE:AQN) Upgraded by Desjardins to Moderate Buy Rating

Key Points

• Algonquin Power & Utilities has been upgraded by Desjardins from a "hold" rating to a "moderate buy" rating, with FY2026 earnings estimated at $0.50 EPS.
• Despite the upgrade, National Bank Financial downgraded the stock to "hold" with a target price of C$6.75.
• Algonquin Power & Utilities' stock is currently trading at C$7.98, with a 52-week range of C$6.03 to C$8.56, and it has a market capitalization of C$6.13 billion.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) was upgraded by analysts at Desjardins from a "hold" rating to a "moderate buy" rating in a report released on Tuesday,Zacks.com reports. Desjardins also issued estimates for Algonquin Power & Utilities' FY2026 earnings at $0.50 EPS and FY2027 earnings at $0.61 EPS.

Several other analysts also recently weighed in on the company. National Bank Financial downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 target price for the company. in a report on Tuesday, June 3rd. TD Securities reduced their target price on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a "hold" rating for the company in a report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Algonquin Power & Utilities presently has a consensus rating of "Hold" and an average price target of C$6.38.

Algonquin Power & Utilities Stock Up 6.7%

Algonquin Power & Utilities stock opened at C$7.98 on Tuesday. Algonquin Power & Utilities has a fifty-two week low of C$6.03 and a fifty-two week high of C$8.56. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The company has a market capitalization of C$6.13 billion, a P/E ratio of -4.20, a PEG ratio of 1.07 and a beta of 1.00. The stock has a 50-day simple moving average of C$7.88 and a 200-day simple moving average of C$7.71.

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.

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