Analysts have been eager to weigh in on the Utilities sector with new ratings on Algonquin Power & Utilities (AQN – Research Report), Fortis (FTS – Research Report) and Atlantica Yield (AY – Research Report).
Algonquin Power & Utilities (AQN)
RBC Capital analyst Nelson Ng maintained a Hold rating on Algonquin Power & Utilities on April 25 and set a price target of $7.00. The company’s shares closed last Friday at $6.12.
According to TipRanks.com, Ng is ranked #2054 out of 8795 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Algonquin Power & Utilities with a $6.86 average price target, which is a 10.8% upside from current levels. In a report issued on April 22, Scotiabank also maintained a Hold rating on the stock with a $6.50 price target.
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Fortis (FTS)
RBC Capital analyst Maurice Choy maintained a Hold rating on Fortis on April 25 and set a price target of C$61.00. The company’s shares closed last Friday at $39.06.
According to TipRanks.com, Choy is ranked #3117 out of 8795 analysts.
Currently, the analyst consensus on Fortis is a Hold with an average price target of $40.70, representing a 3.3% upside. In a report issued on April 19, CIBC also maintained a Hold rating on the stock with a C$56.00 price target.
Atlantica Yield (AY)
In a report issued on April 25, Shelby Tucker from RBC Capital maintained a Buy rating on Atlantica Yield, with a price target of $24.00. The company’s shares closed last Friday at $20.00.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of
Atlantica Yield has an analyst consensus of Moderate Buy, with a price target consensus of $19.50, representing a -2.7% downside. In a report issued on April 10, Bank of America Securities also maintained a Buy rating on the stock with a $2.03 price target.
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