Algonquin Power & Utilities (TSE:AQN) Price Target Raised to C$6.50

Algonquin Power & Utilities (TSE:AQN - Get Free Report) had its price objective increased by analysts at TD Securities from C$6.00 to C$6.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' target price indicates a potential downside of 18.65% from the stock's current price.

Separately, BMO Capital Markets cut shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of C$6.63.

Algonquin Power & Utilities Stock Down 1.6%

Shares of Algonquin Power & Utilities stock traded down C$0.13 during trading hours on Wednesday, hitting C$7.99. The company had a trading volume of 2,579,378 shares, compared to its average volume of 2,410,225. The company's 50-day moving average is C$7.45 and its two-hundred day moving average is C$6.95. Algonquin Power & Utilities has a twelve month low of C$6.03 and a twelve month high of C$8.76. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The company has a market cap of C$4.33 billion, a P/E ratio of -4.01, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its 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 last year, the firm posted $0.16 earnings per share. Analysts anticipate that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Randy David Laney acquired 9,795 shares of the business's stock in a transaction on Monday, March 10th. The stock was bought at an average price of C$7.02 per share, for a total transaction of C$68,803.21. 0.06% of the stock is owned by company insiders.

Algonquin Power & Utilities Company Profile

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.