Algonquin Power & Utilities Corp. (TSE:AQN) Given Consensus Rating of “Buy” by Analysts

Algonquin Power & Utilities Corp. (TSE:AQN) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$6.38.

AQN has been the subject of several analyst reports. Desjardins upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, September 30th. Scotiabank raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Natl Bk Canada upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th.

Algonquin Power & Utilities Price Performance

Shares of TSE AQN opened at C$8.95 on Friday. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. Algonquin Power & Utilities has a 1-year low of C$6.10 and a 1-year high of C$9.13. The company has a market capitalization of C$6.87 billion, a price-to-earnings ratio of -298.33, a PEG ratio of 1.07 and a beta of 1.15. The business has a 50-day moving average of C$8.49 and a 200-day moving average of C$8.14.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Friday, November 7th. The company reported C$0.09 EPS for the quarter. Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%.The firm had revenue of C$811.36 million for the quarter. On average, equities analysts anticipate that Algonquin Power & Utilities will post 0.4650555 EPS for the current fiscal year.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.