Analysts Set Algonquin Power & Utilities Corp. (TSE:AQN) Price Target at C$6.38

Algonquin Power & Utilities Corp. (TSE:AQN) has received an average recommendation of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$6.38.

Several equities research analysts have issued reports on the stock. Scotiabank raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Janney Montgomery Scott raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, National Bank Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th.

Algonquin Power & Utilities Stock Down 11.5%

AQN stock opened at C$8.35 on Monday. Algonquin Power & Utilities has a twelve month low of C$6.17 and a twelve month high of C$9.69. The company has a quick ratio of 0.37, a current ratio of 1.23 and a debt-to-equity ratio of 138.56. The company has a market cap of C$6.41 billion, a PE ratio of -278.33, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The business’s 50-day simple moving average is C$8.97 and its 200 day simple moving average is C$8.41.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Friday, March 6th. The company reported C$0.08 EPS for the quarter. The company had revenue of C$829.86 million during the quarter. Algonquin Power & Utilities had a negative return on equity of 0.57% and a negative net margin of 1.11%. On average, research analysts anticipate that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current 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.