Algonquin Power & Utilities (TSE:AQN) Price Target Lowered to C$15.50 at National Bank Financial

Algonquin Power & Utilities (TSE:AQN) had its price objective cut by National Bank Financial from C$16.50 to C$15.50 in a research report sent to investors on Wednesday, February 7th. They currently have an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. TD Securities boosted their target price on shares of Algonquin Power & Utilities from C$15.00 to C$16.00 in a research report on Tuesday, October 24th. BMO Capital Markets reduced their target price on shares of Algonquin Power & Utilities from C$16.00 to C$15.50 in a research report on Tuesday, February 6th. CIBC upped their price target on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 in a report on Monday, November 13th. Scotiabank reaffirmed an outperform rating and issued a C$15.50 price target on shares of Algonquin Power & Utilities in a report on Monday, November 13th. Finally, Royal Bank of Canada upped their price target 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. Two 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 company’s stock. The stock has a consensus rating of Buy and an average price target of C$15.17.

Algonquin Power & Utilities (TSE:AQN) traded down C$0.07 during midday trading on Wednesday, hitting C$12.63. 790,476 shares of the stock were exchanged, compared to its average volume of 1,056,732. Algonquin Power & Utilities has a twelve month low of C$11.76 and a twelve month high of C$14.40. The firm has a market capitalization of $4,900.00, a PE ratio of 25.84 and a beta of 0.27.

Algonquin Power & Utilities (TSE:AQN) last posted its earnings results on Tuesday, November 14th. The company reported C$0.16 EPS for the quarter, topping 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 business had revenue of C$443.30 million for the quarter, compared to analysts’ expectations 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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