Algonquin Power & Utilities Corp [AQN] stock is trading at $5.51, up 1.10%. 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 1.29% over the last week, with a monthly amount glided 1.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wells Fargo downgraded its rating to Equal Weight on August 12, 2024, and dropped its price target to $6. On August 12, 2024, downgrade downgraded it’s rating to Mkt Perform. Desjardins upgraded its rating to a Hold. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $7.50 on January 08, 2024. BofA Securities downgraded its rating to Neutral for this stock on April 18, 2023, and downed its price target to $8.50. In a note dated April 17, 2023, CIBC downgraded an Neutral rating on this stock and revised its target price from $17 to $10.
Algonquin Power & Utilities Corp [AQN] stock has fluctuated between $4.90 and $6.79 over the past year. 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 $5.51 at the most recent close of the market. An investor can expect a potential return of 36.66% based on the average AQN price forecast.
Analyzing the AQN fundamentals
Algonquin Power & Utilities Corp [NYSE:AQN] reported sales of 2.62B for the trailing twelve months, which represents a drop of -5.11%. 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 5.42 points at the first support level, and at 5.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.57, and for the 2nd resistance point, it is at 5.63.
Ratios To Look Out For
For context, Algonquin Power & Utilities Corp’s Current Ratio is 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 1.66, the price to book ratio is 0.73 and price to earnings (TTM) ratio is 36.59.
