Raymond James Financial Increases Algonquin Power & Utilities (TSE:AQN) Price Target to C$16.50

Algonquin Power & Utilities (TSE:AQN) had its target price raised by analysts at Raymond James Financial from C$16.00 to C$16.50 in a research report issued on Wednesday, March 14th. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 27.91% from the stock’s current price.

AQN has been the subject of several other research reports. TD Securities decreased their target price on Algonquin Power & Utilities from C$16.00 to C$15.50 and set a “buy” rating for the company in a research note on Monday, March 5th. National Bank Financial increased their price target on Algonquin Power & Utilities from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. Finally, BMO Capital Markets decreased their price target on Algonquin Power & Utilities from C$16.00 to C$15.50 in a research report on Tuesday, February 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$15.63.

Shares of Algonquin Power & Utilities (AQN) traded down C$0.08 during mid-day trading on Wednesday, reaching C$12.90. The company had a trading volume of 463,366 shares, compared to its average volume of 1,295,587. Algonquin Power & Utilities has a fifty-two week low of C$12.51 and a fifty-two week high of C$14.40. The company has a market capitalization of $4,960.00, a PE ratio of 24.90 and a beta of 0.32.

Algonquin Power & Utilities (TSE:AQN) last announced its earnings results on Thursday, March 1st. The company reported C$0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.15 by C$0.05. Algonquin Power & Utilities had a return on equity of 8.59% and a net margin of 11.03%. The business had revenue of C$523.40 million during the quarter, compared to analysts’ expectations of C$529.23 million.

COPYRIGHT VIOLATION NOTICE: This piece was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://stocknewstimes.com/2018/03/21/algonquin-power-utilities-aqn-price-target-increased-to-c16-50-by-analysts-at-raymond-james-financial.html.

About Algonquin Power & Utilities

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.

Leave a Reply