TD Securities Issues Pessimistic Forecast for Algonquin Power & Utilities (TSE:AQN) Stock Price

Algonquin Power & Utilities (TSE:AQN) had its price target decreased by TD Securities from C$6.50 to C$6.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential downside of 28.49% from the stock’s current price.

Several other research firms have also recently commented on AQN. National Bank Financial raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Scotiabank raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Finally, Janney Montgomery Scott upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$6.38.

Algonquin Power & Utilities Stock Down 0.1%

Shares of AQN opened at C$8.39 on Monday. The company has a debt-to-equity ratio of 138.56, a quick ratio of 0.37 and a current ratio of 1.23. The stock has a market capitalization of C$6.44 billion, a PE ratio of -279.67, a P/E/G ratio of 1.07 and a beta of 1.20. The company’s 50-day simple moving average is C$8.96 and its 200-day simple moving average is C$8.42. Algonquin Power & Utilities has a 1 year low of C$6.31 and a 1 year high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last released its earnings results on Friday, March 6th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$829.86 million for the quarter. Algonquin Power & Utilities had a negative net margin of 1.11% and a negative return on equity of 0.57%. Analysts forecast that Algonquin Power & Utilities will post 0.4650555 earnings per share 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.