Algonquin Power & Utilities (AQN) PT Lowered to C$15.50

Algonquin Power & Utilities (TSE:AQN) had its price objective cut by investment analysts at BMO Capital Markets from C$16.00 to C$15.50 in a research report issued to clients and investors on Tuesday. BMO Capital Markets’ price target suggests a potential upside of 20.25% from the stock’s previous close.

Several other analysts also recently weighed in on AQN. CIBC boosted their price objective on Algonquin Power & Utilities from C$15.50 to C$16.00 in a research report on Monday, November 13th. Royal Bank of Canada boosted their price objective on Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Scotiabank reiterated an “outperform” rating and issued a C$15.50 price objective on shares of Algonquin Power & Utilities in a research report on Monday, November 13th. Desjardins boosted their price objective on Algonquin Power & Utilities from C$15.25 to C$16.00 in a research report on Monday, November 13th. Finally, National Bank Financial boosted their price objective on Algonquin Power & Utilities from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$15.28.

Shares of Algonquin Power & Utilities (TSE AQN) traded up C$0.02 during mid-day trading on Tuesday, reaching C$12.89. The company’s stock had a trading volume of 1,016,314 shares, compared to its average volume of 1,041,455. Algonquin Power & Utilities has a 12-month low of C$11.60 and a 12-month high of C$14.40. The company has a market capitalization of $4,960.00, a P/E ratio of 26.31 and a beta of 0.27.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Tuesday, November 14th. The company reported C$0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.03. Algonquin Power & Utilities had a return on equity of 8.59% and a net margin of 11.03%. The firm had revenue of C$443.30 million during the quarter, compared to the consensus estimate of C$514.87 million.

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About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.

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

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