Algonquin Power & Utilities (NYSE:AQN – Get Rating) had its target price cut by equities researchers at National Bankshares from $13.50 to $12.50 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the utilities provider’s stock. National Bankshares’ price target indicates a potential upside of 60.46% from the company’s previous close.
A number of other brokerages have also commented on AQN. TD Securities lowered Algonquin Power & Utilities from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $13.00 to $10.00 in a research report on Monday. StockNews.com initiated coverage on Algonquin Power & Utilities in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. Royal Bank of Canada lowered Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $17.00 to $12.00 in a research report on Monday. National Bank Financial lowered Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on Algonquin Power & Utilities from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.47.
Algonquin Power & Utilities Price Performance
Shares of AQN stock opened at $7.79 on Monday. The stock has a 50-day moving average price of $11.38 and a 200 day moving average price of $13.03. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 1.06. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 129.83, a PEG ratio of 1.82 and a beta of 0.54. Algonquin Power & Utilities has a 12 month low of $7.68 and a 12 month high of $16.01.
Hedge Funds Weigh In On Algonquin Power & Utilities
Algonquin Power & Utilities Company Profile
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda.
- Get a free copy of the StockNews.com research report on Algonquin Power & Utilities (AQN)
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