Algonquin Power & Utilities (AQN) PT Set at C$15.50 by BMO Capital Markets

Algonquin Power & Utilities (TSE:AQN) received a C$15.50 target price from investment analysts at BMO Capital Markets in a note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 22.92% from the company’s current price.

AQN has been the subject of a number of other research reports. Raymond James upped their price objective on Algonquin Power & Utilities from C$16.00 to C$16.50 and gave the company a “strong-buy” rating in a research note on Wednesday, March 14th. TD Securities reduced their price objective on Algonquin Power & Utilities from C$16.00 to C$15.50 and set a “buy” rating for the company in a research note on Monday, March 5th. National Bank Financial reduced their price objective on Algonquin Power & Utilities from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, Desjardins upped their price objective on Algonquin Power & Utilities from C$15.50 to C$15.75 in a research note on Wednesday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$15.59.

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Shares of Algonquin Power & Utilities stock opened at C$12.61 on Wednesday. Algonquin Power & Utilities has a 12-month low of C$12.18 and a 12-month high of C$14.40.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Thursday, March 1st. The company reported C$0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.05. The firm had revenue of C$523.40 million during the quarter, compared to the consensus estimate of C$529.23 million. Algonquin Power & Utilities had a return on equity of 8.59% and a net margin of 11.03%.

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About Algonquin Power & Utilities

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

Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

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