In yesterday’s Wall Street session, Algonquin Power & Utilities Corp (NYSE:AQN) shares traded at $5.83, down -1.52% from the previous session.
AQN stock price is now -7.29% away from the 50-day moving average and -5.64% away from the 200-day moving average. The market capitalization of the company currently stands at $4.16B.
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On January 08, 2024, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $7 to quote $7.50, while ‘BofA Securities’ rates the stock as ‘Neutral’
A total of 3.33% of the company’s stock is owned by insiders.
During the past 12 months, Algonquin Power & Utilities Corp has had a low of $4.90 and a high of $8.64. As of last week, the company has a debt-to-equity ratio of 1.87, a current ratio of 0.98, and a quick ratio of 0.79. The fifty day moving average price for AQN is $6.2882 and a two-hundred day moving average price translates $6.1784 for the stock.
The latest earnings results from Algonquin Power & Utilities Corp (NYSE: AQN) was released for 2024-03-31. According to the Utilities – Renewable Company, earnings per share came in at 0.08, missing analysts’ expectations of 0.11 by -0.03. This compares to $0.39 EPS in the same period last year. The net profit margin was -12.83% and return on equity was -6.39% for AQN. The company reported revenue of $737.1 million for the quarter, compared to $778.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.33 percent. For the current quarter, analysts expect AQN to generate $629M in revenue.
