Algonquin Power & Utilities (TSE:AQN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.60 and traded as high as C$8.60. Algonquin Power & Utilities shares last traded at C$8.59, with a volume of 2,420,723 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on AQN shares. Barclays set a C$10.00 price target on shares of Algonquin Power & Utilities and gave the company an “overweight” rating in a report on Wednesday, April 1st. Wells Fargo & Company raised Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$8.00.

Algonquin Power & Utilities Stock Up 1.8%

The company has a current ratio of 1.05, a quick ratio of 0.37 and a debt-to-equity ratio of 143.58. The business’s fifty day moving average price is C$8.23 and its two-hundred day moving average price is C$8.60. The firm has a market cap of C$6.61 billion, a P/E ratio of 40.90, a P/E/G ratio of 1.07 and a beta of 1.45.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.18 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a net margin of 6.71% and a return on equity of 3.63%. The firm had revenue of C$1.10 billion during the quarter. As a group, equities research analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.