Algonquin Power & Utilities Corp [AQN] stock prices are up 2.40% to $5.98 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AQN shares have gain 3.46% over the last week, with a monthly amount glided 3.82%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, Algonquin Power & Utilities Corp. Announces Dividend Rates on Cumulative Rate Reset Preferred Shares, Series D, and Cumulative Floating Rate Preferred Shares, Series E. In a post published today on Yahoo Finance, Further to the news release of Algonquin Power & Utilities Corp. (“AQN” or the “Company”) (TSX: AQN) (NYSE: AQN) dated February 20, 2024, the Company announced today the applicable dividend rates, determined as of March 1, 2024, for its Cumulative Rate Reset Preferred Shares, Series D (the “Series D Preferred Shares”) and Cumulative Floating Rate Preferred Shares, Series E (the “Series E Preferred Shares”).
From an analyst’s perspective:
Algonquin Power & Utilities Corp [NYSE: AQN] stock has seen the most recent analyst activity on January 08, 2024, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $7.50 from $7. Previously, BofA Securities downgraded its rating to Neutral on April 18, 2023, and dropped its price target to $8.50. On April 17, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $10 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $9 on February 16, 2023. Desjardins downgraded its rating to a Sell. Wells Fargo upgraded its rating to Overweight for this stock on January 05, 2023. In a note dated November 14, 2022, TD Securities downgraded an Hold rating on this stock.
The stock price of Algonquin Power & Utilities Corp [AQN] has been fluctuating between $4.90 and $9.14 over the past year. Currently, Wall Street analysts expect the stock to reach $10.05 within the next 12 months. Algonquin Power & Utilities Corp [NYSE: AQN] shares were valued at $5.98 at the most recent close of the market. An investor can expect a potential return of 68.06% based on the average AQN price forecast.
Analyzing the AQN fundamentals
The Algonquin Power & Utilities Corp [NYSE:AQN] reported sales of 2.76B for trailing twelve months, representing a drop of -1.56%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.05 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.92 points at the first support level, and at 5.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.03, and for the 2nd resistance point, it is at 6.07.
Algonquin Power & Utilities Corp [AQN] reported earnings per share of $0.11 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of -$0.01 and a surprise factor of -8.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.08 per share as compared to estimates of $0.11 per share, a difference of -$0.03 representing a surprise of -27.30%.
Ratios To Look Out For
It’s worth pointing out that Algonquin Power & Utilities Corp [NYSE:AQN]’s Current Ratio is 0.66. On the other hand, the Quick Ratio is 0.50, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.55, the price to book ratio is 0.90.
