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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been given an average recommendation of “Buy” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$8.00.

Separately, Wells Fargo & Company upgraded Algonquin Power & Utilities to a “hold” rating in a report on Monday, May 11th.

Algonquin Power & Utilities Stock Down 0.9%

AQN stock opened at C$8.09 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.37 and a debt-to-equity ratio of 143.58. The company’s 50-day moving average price is C$8.26 and its 200 day moving average price is C$8.57. Algonquin Power & Utilities has a 52 week low of C$7.26 and a 52 week high of C$9.69. The company has a market cap of C$6.23 billion, a P/E ratio of 38.52, a P/E/G ratio of 1.07 and a beta of 1.45.

Algonquin Power & Utilities (TSE:AQN) last issued its earnings results on Friday, May 8th. The company reported C$0.18 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a net margin of 6.71% and a return on equity of 3.63%. The company had revenue of C$1.10 billion during the quarter. On average, research analysts expect that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal 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.