Algonquin Power & Utilities (AQN) PT Lowered to C$15.50 at National Bank Financial

Algonquin Power & Utilities (TSE:AQN) had its price objective dropped by stock analysts at National Bank Financial from C$16.50 to C$15.50 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 20.06% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Algonquin Power & Utilities from C$16.00 to C$15.50 in a report on Tuesday, February 6th. Royal Bank of Canada lifted their price objective on shares of Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Scotiabank reiterated an “outperform” rating and set a C$15.50 price objective on shares of Algonquin Power & Utilities in a report on Monday, November 13th. CIBC raised their target price on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 in a research report on Monday, November 13th. Finally, Desjardins raised their target price on shares of Algonquin Power & Utilities from C$15.25 to C$16.00 in a research report on Monday, November 13th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$15.17.

Shares of Algonquin Power & Utilities (TSE AQN) traded up C$0.16 on Wednesday, reaching C$12.91. 1,094,500 shares of the company were exchanged, compared to its average volume of 994,421. Algonquin Power & Utilities has a one year low of C$11.63 and a one year high of C$14.40. The company has a market cap of $5,000.00, a price-to-earnings ratio of 26.35 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 analysts’ consensus estimates of C$0.13 by C$0.03. Algonquin Power & Utilities had a net margin of 11.03% and a return on equity of 8.59%. The company had revenue of C$443.30 million during the quarter, compared to analyst estimates of C$514.87 million.

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Algonquin Power & Utilities Company Profile

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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