Algonquin Power & Utilities (TSE:AQN) Given a C$17.50 Price Target by CSFB Analysts


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Algonquin Power & Utilities (TSE:AQN) has been assigned a C$17.50 price target by investment analysts at CSFB in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CSFB’s price target would indicate a potential downside of 14.00% from the company’s previous close.

Several other equities research analysts also recently issued reports on AQN. Credit Suisse Group raised their price objective on shares of Algonquin Power & Utilities to C$17.50 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Algonquin Power & Utilities from C$22.00 to C$21.00 in a research note on Wednesday, March 31st. Raymond James lowered their price objective on shares of Algonquin Power & Utilities from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a C$18.00 price objective on shares of Algonquin Power & Utilities in a research note on Monday, March 15th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$18.25.

Shares of AQN stock opened at C$20.35 on Wednesday. Algonquin Power & Utilities has a 12 month low of C$16.85 and a 12 month high of C$22.67. The company has a quick ratio of 0.45, a current ratio of 0.73 and a debt-to-equity ratio of 78.49. The business’s 50 day moving average is C$19.93 and its two-hundred day moving average is C$20.68. The company has a market cap of C$12.18 billion and a PE ratio of 14.85.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings results on Thursday, March 4th. The company reported C$0.27 EPS for the quarter, missing the consensus estimate of C$0.28 by C($0.01). The business had revenue of C$641.79 million during the quarter, compared to the consensus estimate of C$625.96 million. As a group, equities analysts expect that Algonquin Power & Utilities will post 0.7903828 EPS for the current fiscal year.

About Algonquin Power & Utilities

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 non-regulated renewable and clean energy power generation facilities.

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

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