Algonquin Power & Utilities (TSE:AQN – Get Free Report) had its price target decreased by equities researchers at Desjardins from C$5.75 to C$5.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target would suggest a potential downside of 34.60% from the company’s previous close.
Algonquin Power & Utilities Stock Down 0.8 %
TSE AQN traded down C$0.07 during trading hours on Tuesday, hitting C$8.41. The company had a trading volume of 699,405 shares, compared to its average volume of 2,711,534. The firm’s 50 day moving average is C$8.22 and its 200 day moving average is C$8.12. The company has a debt-to-equity ratio of 123.16, a current ratio of 0.63 and a quick ratio of 0.37. Algonquin Power & Utilities has a fifty-two week low of C$6.75 and a fifty-two week high of C$12.31. The company has a market capitalization of C$5.80 billion, a price-to-earnings ratio of 211.25, a P/E/G ratio of 1.07 and a beta of 0.45.
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last announced its earnings results on Friday, March 8th. The company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.03. Algonquin Power & Utilities had a net margin of 1.06% and a negative return on equity of 0.47%. The business had revenue of C$908.00 million during the quarter, compared to the consensus estimate of C$1 billion. Sell-side analysts anticipate that Algonquin Power & Utilities will post 0.6970954 earnings per share for the current fiscal year.
Algonquin Power & Utilities Company Profile
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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