Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$27.47 and last traded at C$8.49, with a volume of 468157 shares changing hands. The stock had previously closed at C$8.55.
Analysts Set New Price Targets
Several brokerages have recently weighed in on AQN. TD Securities reduced their target price on 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, March 9th. Barclays set a C$10.00 price target on shares of Algonquin Power & Utilities and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Raymond James Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Monday, March 9th. Finally, Wells Fargo & Company upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Algonquin Power & Utilities currently has an average rating of “Buy” and a consensus target price of C$8.00.
Check Out Our Latest Research Report on AQN
Algonquin Power & Utilities Stock Performance
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.18 EPS 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. 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., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.
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