Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$26.64 and last traded at C$8.13, with a volume of 392030 shares. The stock had previously closed at C$8.19.
Wall Street Analysts Forecast Growth
AQN has been the subject of several analyst reports. Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 9th. Barclays set a C$10.00 price target on Algonquin Power & Utilities and gave the company an “overweight” rating in a research note on Wednesday, April 1st. TD Securities cut their price objective on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research note on Monday, March 9th. Finally, Wells Fargo & Company upgraded Algonquin Power & Utilities to a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$7.58.
Read Our Latest Stock Report on Algonquin Power & Utilities
Algonquin Power & Utilities Stock Down 0.9%
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.18 earnings per share for the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%.The firm had revenue of C$1.10 billion during the quarter. As a group, research analysts forecast that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.
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.
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