Algonquin Power & Utilities (TSE:AQN) Price Target Cut to C$5.50

Algonquin Power & Utilities (TSE:AQN - Get Free Report) had its target price cut by investment analysts at Desjardins from C$5.75 to C$5.50 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' target price suggests a potential downside of 34.60% from the company's current price.

Algonquin Power & Utilities Price Performance

Shares of TSE:AQN traded down C$0.07 during midday trading on Tuesday, reaching C$8.41. The company's stock had a trading volume of 1,677,977 shares, compared to its average volume of 2,724,641. The business's fifty day simple moving average is C$8.22 and its 200-day simple moving average is C$8.12. The company has a market capitalization of C$5.80 billion, a P/E ratio of 210.25, a P/E/G ratio of 1.07 and a beta of 0.45. The company has a debt-to-equity ratio of 123.16, a current ratio of 0.63 and a quick ratio of 0.37. Algonquin Power & Utilities has a fifty-two week low of C$6.75 and a fifty-two week high of C$12.31.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its earnings results on Friday, March 8th. The company reported C$0.22 earnings per share for the quarter, topping analysts' consensus estimates of C$0.19 by C$0.03. Algonquin Power & Utilities had a net margin of 1.06% and a negative return on equity of 0.47%. The company had revenue of C$908.00 million during the quarter, compared to the consensus estimate of C$1 billion. As a group, equities research analysts expect that Algonquin Power & Utilities will post 0.6970954 EPS for the current fiscal year.

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.