Algonquin Power & Utilities (TSE:AQN) had its target price increased by investment analysts at National Bank Financial from C$13.50 to C$14.00 in a report released on Monday, BayStreet.CA reports. National Bank Financial’s price objective would suggest a potential downside of 22.87% from the company’s previous close.
Shares of Algonquin Power & Utilities stock opened at C$18.15 on Monday. The company has a market capitalization of $8.90 billion and a PE ratio of 29.56. Algonquin Power & Utilities has a 12 month low of C$13.01 and a 12 month high of C$18.80. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 91.15. The stock’s fifty day simple moving average is C$17.99 and its 200 day simple moving average is C$16.57.
Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.17 by C($0.02). The company had revenue of C$459.60 million during the quarter, compared to analyst estimates of C$501.26 million. Analysts predict that Algonquin Power & Utilities will post 0.69 EPS for the current fiscal year.
In other Algonquin Power & Utilities news, Senior Officer Christopher Kenneth Jarratt sold 100,000 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$18.01, for a total transaction of C$1,801,250.00. Following the completion of the transaction, the insider now owns 809,963 shares in the company, valued at approximately C$14,589,458.54. Also, Senior Officer David John Bronicheski sold 31,673 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$18.33, for a total value of C$580,439.40. Following the transaction, the insider now owns 549,457 shares of the company’s stock, valued at approximately C$10,069,348.98.
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. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.
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