What Next for Algonquin Power & Utilities Corp Stock After Today’s Huge Increase?

 What Next for Algonquin Power & Utilities Corp Stock After Today's Huge Increase?

The stock of Algonquin Power & Utilities Corp (TSE:AQN) is a huge mover today! About 92,562 shares traded hands. Algonquin Power & Utilities Corp (TSE:AQN) has declined 0.47% since April 20, 2016 and is downtrending. It has underperformed by 5.88% the S&P500.
The move comes after 6 months positive chart setup for the $2.93 billion company. It was reported on Nov, 24 by Barchart.com. We have $11.01 PT which if reached, will make TSE:AQN worth $87.90M more.

Algonquin Power & Utilities Corp (TSE:AQN) Ratings Coverage

Out of 7 analysts covering Algonquin Power & Utilities Corp (TSE:AQN), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $15.25 is the highest target while $11 is the lowest. The $12.59 average target is 17.77% above today’s ($10.69) stock price. Algonquin Power & Utilities Corp has been the topic of 14 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Algonquin Power & Utilities Corp (TSE:AQN) earned “Outperform” rating by Raymond James on Thursday, September 22. On Wednesday, January 27 the stock rating was downgraded by National Bank Canada to “Sector Perform”. As per Friday, August 14, the company rating was upgraded by National Bank Canada. TD Securities reinitiated Algonquin Power & Utilities Corp (TSE:AQN) rating on Thursday, December 3. TD Securities has “Buy” rating and $12 price target. National Bank Canada reinitiated Algonquin Power & Utilities Corp (TSE:AQN) on Thursday, December 3 with “Outperform” rating.

Another recent and important Algonquin Power & Utilities Corp (TSE:AQN) news was published by Marketwatch.com which published an article titled: “Algonquin Power & Utilities Corp. To Commence Trading on the New York Stock …” on November 24, 2016.

Algonquin Power & Utilities Corp. is a Canada firm engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. The company has a market cap of $2.93 billion. APUC’s activities are organized across three business units consisting of Generation, Transmission and Distribution. It has a 25.65 P/E ratio. The Generation Business Group (Generation Group) owns and operates a portfolio of non-regulated renewable and thermal electric generation utility assets; the Transmission Business Group (Transmission Group) is responsible for evaluating and capitalizing upon natural gas pipeline and electric transmission asset opportunities in North America, and the Distribution Business Group (Distribution Group) owns and operates a portfolio of North American electric, natural gas, and water distribution and wastewater collection utility systems.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment