Algonquin Power & Utilities (NYSE:AQN - Free Report) had its target price decreased by National Bankshares from $6.75 to $6.25 in a report issued on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the utilities provider's stock.
Other equities analysts have also recently issued reports about the company. CIBC decreased their target price on Algonquin Power & Utilities from $5.75 to $5.50 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. Scotiabank decreased their target price on Algonquin Power & Utilities from $5.75 to $5.25 and set a "sector perform" rating on the stock in a report on Friday, November 8th. Wells Fargo & Company decreased their target price on Algonquin Power & Utilities from $6.00 to $5.50 and set an "equal weight" rating on the stock in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $7.00 target price on shares of Algonquin Power & Utilities in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Algonquin Power & Utilities currently has a consensus rating of "Hold" and an average target price of $6.05.
Read Our Latest Report on AQN
Algonquin Power & Utilities Stock Performance
Shares of AQN stock traded up $0.05 on Tuesday, reaching $4.85. The stock had a trading volume of 11,576,943 shares, compared to its average volume of 8,063,363. The stock has a market cap of $3.72 billion, a P/E ratio of -3.76 and a beta of 0.69. Algonquin Power & Utilities has a 1 year low of $4.19 and a 1 year high of $6.79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The company has a 50 day simple moving average of $4.48 and a 200 day simple moving average of $4.95.
Hedge Funds Weigh In On Algonquin Power & Utilities
A number of large investors have recently bought and sold shares of AQN. SVB Wealth LLC bought a new position in Algonquin Power & Utilities in the fourth quarter worth approximately $49,000. Capstone Investment Advisors LLC bought a new position in Algonquin Power & Utilities in the third quarter worth approximately $58,000. Avantax Advisory Services Inc. bought a new position in Algonquin Power & Utilities in the fourth quarter worth approximately $58,000. Walleye Capital LLC bought a new position in Algonquin Power & Utilities in the third quarter worth approximately $59,000. Finally, Verdence Capital Advisors LLC bought a new position in Algonquin Power & Utilities in the third quarter worth approximately $61,000. Institutional investors own 62.28% of the company's stock.
Algonquin Power & Utilities Company Profile
(
Get Free Report)
Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.
See Also
Before you consider Algonquin Power & Utilities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Algonquin Power & Utilities wasn't on the list.
While Algonquin Power & Utilities currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
