Currently, Algonquin Power & Utilities Corp [AQN] is trading at $5.14, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The AQN shares have gain 0.59% over the last week, with a monthly amount glided 8.21%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On August 12, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $6 on the stock. Raymond James downgraded its rating to a Mkt Perform. Desjardins upgraded its rating to a Hold. BMO Capital Markets upgraded its rating to Outperform for this stock on January 08, 2024, and upped its price target to $7.50. In a note dated April 18, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $9 to $8.50.
This stock has fluctuated between a low of $4.19 and a high of $6.79 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $5.5 within the next 12 months. Algonquin Power & Utilities Corp [NYSE: AQN] shares were valued at $5.14 at the most recent close of the market. An investor can expect a potential return of 7.0% based on the average AQN price forecast.
Analyzing the AQN fundamentals
Trailing Twelve Months sales for Algonquin Power & Utilities Corp [NYSE:AQN] were 2.48B which represents -12.24% decline. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is -0.55%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.27 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.42.
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 5.08 points at the first support level, and at 5.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.18, and for the 2nd resistance point, it is at 5.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Algonquin Power & Utilities Corp [NYSE:AQN] is 0.76. On the other hand, the Quick Ratio is 0.61, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 0.90.
