At the time of writing, Algonquin Power & Utilities Corp [AQN] stock is trading at $5.36, up 1.32%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AQN shares have gain 2.68% over the last week, with a monthly amount drifted -14.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Algonquin Power & Utilities Corp [NYSE: AQN] stock has seen the most recent analyst activity on August 12, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $6 from $8.50. Previously, Raymond James downgraded its rating to Mkt Perform on August 12, 2024. On March 11, 2024, upgrade upgraded it’s rating to Hold. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $7.50 on January 08, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $8.50 on April 18, 2023. CIBC downgraded its rating to Neutral for this stock on April 17, 2023, and downed its price target to $10. In a note dated February 16, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $7 to $9.
For the past year, the stock price of Algonquin Power & Utilities Corp fluctuated between $4.90 and $7.67. Currently, Wall Street analysts expect the stock to reach $7.53 within the next 12 months. Algonquin Power & Utilities Corp [NYSE: AQN] shares were valued at $5.36 at the most recent close of the market. An investor can expect a potential return of 40.49% based on the average AQN price forecast.
Analyzing the AQN fundamentals
According to Algonquin Power & Utilities Corp [NYSE:AQN], the company’s sales were 2.62B for trailing twelve months, which represents an -5.11% plunge. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.34.
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 5.26 points at the first support level, and at 5.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.43, and for the 2nd resistance point, it is at 5.51.
Ratios To Look Out For
It is important to note that Algonquin Power & Utilities Corp [NYSE:AQN] has a current ratio of 0.97. As well, the Quick Ratio is 0.78, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 0.71 and price to earnings (TTM) ratio is 35.59.
