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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been given an average recommendation of “Buy” by the seven research firms that are covering the stock, 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 price objective among brokers that have issued a report on the stock in the last year is C$6.38.

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

Algonquin Power & Utilities Trading Up 0.2%

Shares of Algonquin Power & Utilities stock opened at C$8.96 on Thursday. Algonquin Power & Utilities has a 52-week low of C$6.17 and a 52-week high of C$9.13. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The stock has a market capitalization of C$6.88 billion, a P/E ratio of -298.67, a P/E/G ratio of 1.07 and a beta of 1.12. The stock’s 50-day simple moving average is C$8.59 and its 200 day simple moving average is C$8.24.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$811.36 million during the quarter. Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. As a group, research analysts anticipate that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

Algonquin Power & Utilities Company Profile

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.