Algonquin Power & Utilities (NYSE:AQN – Get Rating) had its price target decreased by research analysts at Raymond James from $18.00 to $11.50 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the utilities provider’s stock. Raymond James’ target price would suggest a potential upside of 47.63% from the company’s current price.
A number of other research analysts have also weighed in on AQN. Royal Bank of Canada lowered Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $17.00 to $12.00 in a report on Monday. Wells Fargo & Company dropped their target price on Algonquin Power & Utilities from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 19th. Desjardins lowered Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a report on Monday. National Bank Financial lowered Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating in a report on Monday. Finally, Credit Suisse Group decreased their price target on Algonquin Power & Utilities from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Algonquin Power & Utilities presently has a consensus rating of “Hold” and an average target price of $12.47.
Algonquin Power & Utilities Stock Down 2.3 %
AQN stock opened at $7.79 on Monday. Algonquin Power & Utilities has a twelve month low of $7.68 and a twelve month high of $16.01. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $11.38 and its 200-day moving average is $13.03. The firm has a market capitalization of $5.28 billion, a PE ratio of 129.83, a P/E/G ratio of 1.82 and a beta of 0.54.
Institutional Trading of Algonquin Power & Utilities
Algonquin Power & Utilities Company Profile
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda.
- Get a free copy of the StockNews.com research report on Algonquin Power & Utilities (AQN)
- Power Integrations Stock Can Power Your Portfolio
- Don’t Chase Walmart Higher, Wait For Extra Low Prices
- Home Depot Results (and Institutions) Are A Catalyst For Lowe’s?
- Three Penny Stocks Making Big Moves In November
- Agilent Remains In Buy Range Ahead Of Next Week’s Q4 Report
Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.