Algonquin Power & Utilities (AQN) Price Target Cut to C$15.50 by Analysts at National Bank Financial

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

Several other equities research analysts have also recently commented on AQN. CIBC boosted their price target on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 in a research report on Monday, November 13th. BMO Capital Markets reissued an outperform rating and issued a C$16.00 price target on shares of Algonquin Power & Utilities in a research note on Monday, November 13th. Royal Bank of Canada lifted their price target on Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the stock an outperform rating in a research note on Monday, November 13th. Scotiabank reissued an outperform rating and issued a C$15.50 price target on shares of Algonquin Power & Utilities in a research note on Monday, November 13th. Finally, Desjardins lifted their price target on Algonquin Power & Utilities from C$15.25 to C$16.00 in a research note on Monday, November 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given 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$15.17.

Shares of Algonquin Power & Utilities (TSE AQN) opened at C$12.60 on Wednesday. Algonquin Power & Utilities has a 1 year low of C$11.76 and a 1 year high of C$14.40. The company has a market cap of $4,880.00, a PE ratio of 25.71 and a beta of 0.27.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings results on Tuesday, November 14th. The company reported C$0.16 EPS for the quarter, topping the consensus estimate 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 firm had revenue of C$443.30 million for the quarter, compared to analysts’ expectations of C$514.87 million.

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Algonquin Power & Utilities Company Profile

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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