Algonquin Power & Utilities (AQN) Receives “Outperform” Rating from BMO Capital Markets

Algonquin Power & Utilities (TSE:AQN)‘s stock had its “outperform” rating reissued by BMO Capital Markets in a note issued to investors on Wednesday. They currently have a C$12.50 price target on the stock. BMO Capital Markets’ price target suggests a potential downside of 12.46% from the company’s current price.

Separately, National Bank Financial downgraded Algonquin Power & Utilities from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, November 8th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Algonquin Power & Utilities has a consensus rating of “Buy” and a consensus price target of C$15.04.

AQN stock traded up C$0.12 during mid-day trading on Wednesday, reaching C$14.28. 384,584 shares of the company traded hands, compared to its average volume of 1,075,196. Algonquin Power & Utilities has a 52-week low of C$12.18 and a 52-week high of C$14.34. The company has a quick ratio of 0.70, a current ratio of 1.17 and a debt-to-equity ratio of 100.37.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Thursday, November 8th. The company reported C$0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.01. The company had revenue of C$479.03 million during the quarter, compared to the consensus estimate of C$468.37 million. As a group, equities analysts predict that Algonquin Power & Utilities will post 0.630000014217208 EPS for the current fiscal year.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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