Algonquin Power & Utilities (TSE:AQN – Get Rating) was downgraded by National Bank Financial from an “outperfrom under weight” rating to a “sector perform under weight” rating in a note issued to investors on Tuesday. National Bank Financial also issued estimates for Algonquin Power & Utilities’ Q1 2022 earnings at $0.27 EPS, Q4 2022 earnings at $0.26 EPS and FY2023 earnings at $0.95 EPS.
Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a C$18.00 price target on shares of Algonquin Power & Utilities in a report on Tuesday, January 4th. National Bankshares lowered shares of Algonquin Power & Utilities to a “hold” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$20.00.
TSE AQN opened at C$17.88 on Tuesday. The stock has a market capitalization of C$12.05 billion and a P/E ratio of 34.06. Algonquin Power & Utilities has a 1 year low of C$17.14 and a 1 year high of C$20.19. The business’s fifty day moving average is C$19.18 and its two-hundred day moving average is C$18.32. The company has a debt-to-equity ratio of 82.26, a quick ratio of 0.39 and a current ratio of 0.69.
Algonquin Power & Utilities Company Profile (Get Rating)
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities.
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