Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$6.63 Consensus Target Price from Analysts

Algonquin Power & Utilities Corp. (TSE:AQN) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have covered the stock in the last year is C$6.63.

AQN has been the topic of a number of research analyst reports. National Bank Financial cut shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating and set a C$6.75 target price on the stock. in a report on Tuesday, June 3rd. TD Securities upped their target price on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the company a “hold” rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets cut shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th.

Algonquin Power & Utilities Price Performance

Shares of AQN stock opened at C$7.91 on Wednesday. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The firm’s 50-day moving average is C$7.77 and its 200-day moving average is C$7.13. The stock has a market cap of C$4.29 billion, a price-to-earnings ratio of -3.97, a PEG ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities has a 52-week low of C$6.03 and a 52-week high of C$8.76.

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.