Algonquin Power & Utilities (TSE:AQN) Upgraded to Moderate Buy 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.

AQN has been the subject of a number of other research reports. TD Securities dropped their price objective on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a research note 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 on the stock. in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$6.38.

Algonquin Power & Utilities Price Performance

Shares of TSE:AQN opened at C$8.00 on Tuesday. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The firm has a market capitalization of C$6.14 billion, a price-to-earnings ratio of -4.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Algonquin Power & Utilities has a 12 month low of C$6.03 and a 12 month high of C$8.56. The business’s 50 day simple moving average is C$7.88 and its 200-day simple moving average is C$7.71.

About Algonquin Power & Utilities

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.