Algonquin Power & Utilities (TSE:AQN) Sets New 12-Month High – Should You Buy?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) hit a new 52-week high on Monday . The company traded as high as C$25.77 and last traded at C$7.82, with a volume of 1007073 shares traded. The stock had previously closed at C$7.83.

Analyst Ratings Changes

AQN has been the topic of a number of recent analyst reports. Desjardins upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, September 30th. TD Securities cut their price objective on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$6.38.

Algonquin Power & Utilities Trading Down 0.1%

The company has a market cap of C$6.01 billion, a PE ratio of -4.12, a PEG ratio of 1.07 and a beta of 0.82. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. The stock has a 50 day moving average price of C$7.90 and a 200 day moving average price of C$7.87.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.