Algonquin Power & Utilities (AQN) Gets a Hold from RBC Capital

In a report released today, Nelson Ng from RBC Capital reiterated a Hold rating on Algonquin Power & Utilities (AQN – Research Report), with a price target of $7.00. The company’s shares closed last Friday at $6.56.

According to TipRanks, Ng is a 4-star analyst with an average return of 6.8% and a 59.33% success rate. Ng covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Northland Power, and Brookfield Renewable Partners.

Currently, the analyst consensus on Algonquin Power & Utilities is a Moderate Buy with an average price target of $6.68, a 1.83% upside from current levels. In a report released on April 30, Desjardins also maintained a Hold rating on the stock with a C$5.50 price target.

AQN market cap is currently $4.52B and has a P/E ratio of 223.13.

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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.