Algonquin Power & Utilities (TSE:AQN – Get Free Report) had its price target lowered by equities research analysts at Desjardins from C$5.75 to C$5.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ target price points to a potential downside of 34.99% from the stock’s previous close.
Algonquin Power & Utilities Price Performance
Algonquin Power & Utilities stock traded down C$0.02 during trading hours on Tuesday, hitting C$8.46. 643,004 shares of the stock were exchanged, compared to its average volume of 2,711,534. The company has a debt-to-equity ratio of 123.16, a quick ratio of 0.37 and a current ratio of 0.63. The stock has a market capitalization of C$5.83 billion, a P/E ratio of 211.25, a P/E/G ratio of 1.07 and a beta of 0.45. The business’s 50-day moving average is C$8.22 and its two-hundred day moving average is C$8.12. Algonquin Power & Utilities has a 12 month low of C$6.75 and a 12 month high of C$12.31.
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last issued its earnings results on Friday, March 8th. The company reported C$0.22 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.03. The business had revenue of C$908.00 million for the quarter, compared to the consensus estimate of C$1 billion. Algonquin Power & Utilities had a net margin of 1.06% and a negative return on equity of 0.47%. Equities research analysts expect that Algonquin Power & Utilities will post 0.6970954 EPS for the current fiscal year.
About Algonquin Power & Utilities
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.
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