In a report released today, Robert Hope from Scotiabank maintained a Hold rating on Algonquin Power & Utilities (AQN – Research Report), with a price target of $7.50. The company’s shares closed last Friday at $6.41.
According to TipRanks, Hope is a 5-star analyst with an average return of 8.5% and a 63.14% success rate. Hope covers the Energy sector, focusing on stocks such as AltaGas, Pembina Pipeline, and TC Energy.
In addition to Scotiabank, Algonquin Power & Utilities also received a Hold from Desjardins’s Brent Stadler in a report issued today. However, yesterday, BMO Capital maintained a Buy rating on Algonquin Power & Utilities (NYSE: AQN).
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AQN market cap is currently $4.42B and has a P/E ratio of -18.44.
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Algonquin Power & Utilities (AQN) Company Description:
Algonquin Power & Utilities Corp. is a diversified utility company, which through its subsidiaries, engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. It focuses on delivering reliable earnings, cash flow, and dividend growth through strategic acquisitions and operational excellence. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.
Read More on AQN:
- Algonquin Power Announces Mixed 2023 Results
- Algonquin Power Announces Q1 2024 Dividends
- Options Volatility and Implied Earnings Moves Today, March 08, 2024
- Algonquin Power reports Q4 adjusted EPS 16c, consensus 14c
- Algonquin Power & Utilities Corp. Announces 2023 Fourth Quarter and Full Year Financial Results
