Stick With Algonquin Power & Utilities Corp (AQN). The Bull Are Alive And Well

Currently, there are 689.27M common shares owned by the public and among those 688.79M shares have been available to trade.

The company’s stock has a 5-day price change of 2.98% and -1.42% over the past three months. AQN shares are trading -1.42% year to date (YTD), with the 12-month market performance down to -27.39% lower. It has a 12-month low price of $4.90 and touched a high of $9.14 over the same period. AQN has an average intraday trading volume of 4.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.13%, 4.13%, and -5.49% respectively.

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Institutional ownership of Algonquin Power & Utilities Corp (NYSE: AQN) shares accounts for 61.03% of the company’s 689.27M shares outstanding.

It has a market capitalization of $4.44B and a beta (3y monthly) value of 0.69. The stock’s trailing 12-month PE ratio is 322.80, while the earnings-per-share (ttm) stands at $0.02. The company has a PEG of 75.07 and a Quick Ratio of 0.50 with the debt-to-equity ratio at 1.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.71% over the week and 2.90% over the month.

Analysts forecast that Algonquin Power & Utilities Corp (AQN) will achieve an EPS of $0.17 for the current quarter, $0.09 for the next quarter and $0.52 for 2025. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.21. Comparatively, EPS for the current quarter was $0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.26%, and 2.08% over the next financial year. EPS should grow at an annualized rate of 4.30% over the next five years, compared to -40.16% over the past 5-year period.

BMO Capital Markets coverage for the Algonquin Power & Utilities Corp (AQN) stock in a research note released on January 08, 2024 offered a Outperform rating with a price target of $7.50. BofA Securities was of a view on April 18, 2023 that the stock is Neutral, while CIBC gave the stock Neutral rating on April 17, 2023, issuing a price target of $17- $10. BofA Securities on their part issued Buy rating on February 16, 2023.

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