Algonquin Power & Utilities (TSE:AQN) Price Target Cut to C$6.00 by Analysts at TD Securities

Algonquin Power & Utilities (TSE:AQN) had its price target trimmed by TD Securities from C$6.50 to C$6.00 in a research note released on Monday,BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities research analysts have also issued research reports about the stock. National Bank Financial lowered shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating and set a C$6.75 price target for the company. in a research report on Tuesday, June 3rd. BMO Capital Markets lowered shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, Algonquin Power & Utilities currently has a consensus rating of “Hold” and an average target price of C$6.38.

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock opened at C$7.84 on Monday. The stock has a market cap of C$4.25 billion, a price-to-earnings ratio of -3.93, a PEG ratio of 1.07 and a beta of 0.52. The firm’s 50-day moving average is C$8.01 and its 200 day moving average is C$7.46. Algonquin Power & Utilities has a 1 year low of C$6.03 and a 1 year high of C$8.56. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.