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 lowered by TD Securities from C$6.50 to C$6.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

AQN has been the topic of a number of other reports. National Bank Financial raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Scotiabank raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Finally, Janney Montgomery Scott upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$6.38.

Algonquin Power & Utilities Stock Performance

TSE AQN opened at C$8.40 on Monday. The firm has a market capitalization of C$6.45 billion, a P/E ratio of -280.00, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 138.56. The firm’s fifty day moving average price is C$8.96 and its two-hundred day moving average price is C$8.41. Algonquin Power & Utilities has a 1 year low of C$6.31 and a 1 year high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Friday, March 6th. The company reported C$0.08 EPS for the quarter. The company had revenue of C$829.86 million during the quarter. Algonquin Power & Utilities had a negative net margin of 1.11% and a negative return on equity of 0.57%. As a group, research analysts anticipate that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

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.