Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$6.00 Average PT from Analysts

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$6.00.

A number of research firms have weighed in on AQN. BMO Capital Markets downgraded Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. TD Securities upped their target price on Algonquin Power & Utilities from C$5.00 to C$6.00 and gave the stock a “hold” rating in a report on Monday, May 12th.

Insider Transactions at Algonquin Power & Utilities

In related news, Director Randy David Laney purchased 9,795 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of C$7.02 per share, with a total value of C$68,803.21. Insiders own 0.06% of the company’s stock.

Algonquin Power & Utilities Stock Up 2.0%

AQN stock opened at C$7.81 on Tuesday. Algonquin Power & Utilities has a fifty-two week low of C$6.03 and a fifty-two week high of C$9.19. The business’s 50 day moving average price is C$7.35 and its two-hundred day moving average price is C$6.86. 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 company has a market capitalization of C$4.23 billion, a price-to-earnings ratio of -3.92, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN) last posted its earnings results on Friday, March 7th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same period in the previous year, the company posted $0.16 EPS. As a group, analysts forecast 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. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.