National Bank Financial Lowers Algonquin Power & Utilities (AQN) Price Target to C$15.50

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

A number of other research analysts have also recently commented on the company. TD Securities boosted their price target on Algonquin Power & Utilities from C$15.00 to C$16.00 in a report on Tuesday, October 24th. Desjardins boosted their price target on Algonquin Power & Utilities from C$15.25 to C$16.00 in a report 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 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 report on Wednesday, December 6th. Finally, Royal Bank of Canada boosted their price target on Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the stock an outperform rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of C$15.17.

Algonquin Power & Utilities (TSE:AQN) opened at C$12.92 on Wednesday. The stock has a market capitalization of $5,000.00, a P/E ratio of 26.37 and a beta of 0.27. Algonquin Power & Utilities has a 52 week low of C$11.63 and a 52 week high of C$14.40.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Tuesday, November 14th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.13 by C$0.03. The company had revenue of C$443.30 million during the quarter, compared to the consensus estimate of C$514.87 million. Algonquin Power & Utilities had a return on equity of 8.59% and a net margin of 11.03%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.64%. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, December 28th. Algonquin Power & Utilities’s dividend payout ratio is 123.12%.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://sportsperspectives.com/2018/02/08/national-bank-financial-lowers-algonquin-power-utilities-aqn-price-target-to-c15-50.html.

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)

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply