Algonquin Power & Utilities (TSE:AQN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.60 and traded as high as C$8.60. Algonquin Power & Utilities shares last traded at C$8.59, with a volume of 2,420,723 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AQN. Barclays set a C$10.00 target price on shares of Algonquin Power & Utilities and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Wells Fargo & Company raised Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$8.00.

Algonquin Power & Utilities Stock Up 1.8%

The company’s fifty day moving average price is C$8.23 and its 200-day moving average price is C$8.60. The stock has a market capitalization of C$6.61 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45. The company has a quick ratio of 0.37, a current ratio of 1.05 and a debt-to-equity ratio of 143.58.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$1.10 billion for the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%. Analysts forecast that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current year.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.