Bank of America Securities analyst Dariusz Lozny reiterated a Hold rating on Algonquin Power & Utilities (AQN – Research Report) yesterday and set a price target of $9.00. The company’s shares closed yesterday at $8.58.
Lozny covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Mdu Resources Group, and Fortis. According to TipRanks, Lozny has an average return of -3.6% and a 36.36% success rate on recommended stocks.
Currently, the analyst consensus on Algonquin Power & Utilities is a Moderate Buy with an average price target of $9.77, a 13.87% upside from current levels. In a report released on May 12, RBC Capital also maintained a Hold rating on the stock with a $9.00 price target.
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The company has a one-year high of $13.85 and a one-year low of $6.20. Currently, Algonquin Power & Utilities has an average volume of 5.46M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AQN in relation to earlier this year.
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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 & Utilities Corp. Announces 2023 First Quarter Financial Results
- Algonquin Power & Utilities Corp. Declares Second Quarter 2023 Common Share Dividend of U.S.$0.1085 (C$0.1453), and Declares Second Quarter 2023 Preferred Share Dividends
- AQN Upcoming Earnings Report: What to Expect?
- Algonquin Power up after Reuters says Corvex joins activist peers
- Activist Corvex has built stake in Algonquin Power, Reuters reports
