Algonquin Power & Utilities (TSE:AQN) Hits New 1-Year High – What’s Next?

Algonquin Power & Utilities Corp. (TSE:AQN)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$25.00 and last traded at C$7.89, with a volume of 114523 shares. The stock had previously closed at C$7.91.

Analyst Ratings Changes

AQN has been the topic of a number of research analyst reports. National Bank Financial downgraded Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating and set a C$6.75 target price on the stock. in a report on Tuesday, June 3rd. TD Securities increased their target price on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a “hold” rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets downgraded Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$6.63.

Algonquin Power & Utilities Stock Performance

The firm has a market cap of C$4.29 billion, a P/E ratio of -3.97, a P/E/G ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The firm has a fifty day moving average of C$7.77 and a 200-day moving average of C$7.14.

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.