Algonquin Power & Utilities Corp. (TSE:AQN) Given Average Recommendation of “Buy” by Brokerages

Algonquin Power & Utilities Corp. (TSE:AQN) has been given a consensus rating of “Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$8.00.

A number of equities research analysts have recently weighed in on the company. Barclays set a C$10.00 target price on Algonquin Power & Utilities and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Raymond James Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 9th. TD Securities dropped their price objective on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a research note on Monday, March 9th. Finally, Wells Fargo & Company upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th.

Algonquin Power & Utilities Price Performance

Shares of TSE AQN opened at C$8.29 on Wednesday. The firm has a market cap of C$6.38 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 1.07 and a beta of 1.46. The company has a current ratio of 1.05, a quick ratio of 0.37 and a debt-to-equity ratio of 143.58. Algonquin Power & Utilities has a 1-year low of C$7.26 and a 1-year high of C$9.69. The business’s 50 day moving average is C$8.42 and its 200-day moving average is C$8.63.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Friday, May 8th. The company reported C$0.18 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%.The business had revenue of C$1.10 billion during the quarter. Equities research analysts predict that Algonquin Power & Utilities 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.