Algonquin Power & Utilities (TSE:AQN – Get Rating) is set to post its quarterly earnings results before the market opens on Friday, March 17th. Analysts expect Algonquin Power & Utilities to post earnings of C$0.26 per share for the quarter.
Algonquin Power & Utilities Stock Performance
Shares of AQN opened at C$10.45 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.37 and a debt-to-equity ratio of 110.25. The stock has a market capitalization of C$7.14 billion, a P/E ratio of 104.50, a price-to-earnings-growth ratio of 1.07 and a beta of 0.31. The firm’s fifty day simple moving average is C$9.91 and its two-hundred day simple moving average is C$12.47. Algonquin Power & Utilities has a 12 month low of C$8.70 and a 12 month high of C$20.19.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. National Bankshares cut their price target on shares of Algonquin Power & Utilities from C$11.00 to C$10.00 in a research report on Tuesday. National Bank Financial cut shares of Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating in a research report on Sunday, November 13th. Desjardins cut shares of Algonquin Power & Utilities from a “hold” rating to a “sell” rating and set a C$7.00 price objective on the stock. in a research report on Friday, January 13th. Finally, Wells Fargo & Company raised shares of Algonquin Power & Utilities to a “buy” rating and set a C$9.00 price objective on the stock in a research report on Thursday, January 5th.
About Algonquin Power & Utilities
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.
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