Canadian Imperial Bank of Commerce Cuts Algonquin Power & Utilities (TSE:AQN) Price Target to C$6.00

Algonquin Power & Utilities (TSE:AQN – Free Report) had its price target lowered by Canadian Imperial Bank of Commerce from C$6.25 to C$6.00 in a research note issued to investors on Tuesday,BayStreet reports.

Algonquin Power & Utilities Stock Performance

Algonquin Power & Utilities stock opened at C$7.10 on Tuesday. The firm has a fifty day simple moving average of C$7.92 and a two-hundred day simple moving average of C$8.23. The company has a quick ratio of 0.37, a current ratio of 0.88 and a debt-to-equity ratio of 143.60. Algonquin Power & Utilities has a twelve month low of C$7.08 and a twelve month high of C$9.69. The company has a market capitalization of C$5.47 billion, a PE ratio of 39.44, a P/E/G ratio of 1.07 and a beta of 1.39.

Algonquin Power & Utilities (TSE:AQN – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.06 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a return on equity of 3.20% and a net margin of 5.86%.The firm had revenue of C$772.76 million for the quarter. Research analysts expect that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

About Algonquin Power & Utilities

(Get Free Report)

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.

Read More

Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.