Algonquin Power & Utilities (TSE:AQN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Algonquin Power & Utilities Corp. (TSE:AQNGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.60 and traded as high as C$8.60. Algonquin Power & Utilities shares last traded at C$8.59, with a volume of 2,420,723 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on AQN shares. Barclays set a C$10.00 target price on Algonquin Power & Utilities and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Wells Fargo & Company raised shares of Algonquin Power & Utilities to a “hold” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$8.00.

Check Out Our Latest Stock Report on Algonquin Power & Utilities

Algonquin Power & Utilities Trading Up 1.8%

The company has a 50-day simple moving average of C$8.23 and a 200-day simple moving average of C$8.60. The company has a debt-to-equity ratio of 143.58, a quick ratio of 0.37 and a current ratio of 1.05. The stock has a market cap of C$6.61 billion, a P/E ratio of 40.90, a P/E/G ratio of 1.07 and a beta of 1.45.

Algonquin Power & Utilities (TSE:AQNGet Free Report) last announced its earnings results on Friday, May 8th. The company reported C$0.18 earnings per share (EPS) for the quarter. The company had revenue of C$1.10 billion for the quarter. Algonquin Power & Utilities had a net margin of 6.71% and a return on equity of 3.63%. On average, sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal 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.

Further Reading

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