Algonquin Power & Utilities (TSE:AQN) Upgraded at Desjardins

Desjardins upgraded shares of Algonquin Power & Utilities (TSE:AQN) from a hold rating to a moderate buy rating in a research report released on Tuesday,Zacks.com reports. Desjardins also issued estimates for Algonquin Power & Utilities’ FY2026 earnings at $0.50 EPS and FY2027 earnings at $0.61 EPS.

A number of other equities analysts have also commented on AQN. TD Securities decreased their price target on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Monday, August 11th. National Bank Financial cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating and set a C$6.75 price objective for the company. in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$6.38.

Algonquin Power & Utilities Price Performance

TSE AQN opened at C$8.00 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35. The company has a market cap of C$6.14 billion, a PE ratio of -4.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Algonquin Power & Utilities has a 52 week low of C$6.03 and a 52 week high of C$8.56. The firm’s 50-day simple moving average is C$7.88 and its two-hundred day simple moving average is C$7.71.

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.