Algonquin Power & Utilities (TSE:AQN) Sets New 12-Month Low Following Analyst Downgrade

Algonquin Power & Utilities Corp. (TSE:AQN) shares hit a new 52-week low during trading on Wednesday after Canadian Imperial Bank of Commerce lowered their price target on the stock from C$6.25 to C$6.00. The company traded as low as C$7.13 and last traded at C$7.16, with a volume of 912022 shares trading hands. The stock had previously closed at C$7.33.

Algonquin Power & Utilities Stock Down 2.3%

The company has a debt-to-equity ratio of 143.60, a current ratio of 0.88 and a quick ratio of 0.37. The stock has a market capitalization of C$5.51 billion, a P/E ratio of 39.78, a PEG ratio of 1.07 and a beta of 1.39. The stock’s fifty day moving average is C$7.96 and its two-hundred day moving average is C$8.26.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Friday, August 7th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$772.76 million for the quarter. Algonquin Power & Utilities had a return on equity of 3.20% and a net margin of 5.86%. As a group, research analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current fiscal year.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.