Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$6.38 Average Price Target from Analysts

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have earned a consensus rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$7.58.

AQN has been the subject of several research reports. National Bank Financial raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Monday, March 9th. Barclays set a C$10.00 price objective on Algonquin Power & Utilities and gave the stock an “overweight” rating in a research report on Wednesday. TD Securities dropped their target price on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Monday, March 9th. Finally, Scotiabank raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th.

Algonquin Power & Utilities Stock Performance

Shares of AQN stock opened at C$8.65 on Friday. Algonquin Power & Utilities has a 52 week low of C$6.31 and a 52 week high of C$9.69. The company has a market capitalization of C$6.65 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 1.07 and a beta of 1.20. The company has a 50-day simple moving average of C$8.93 and a 200 day simple moving average of C$8.50. The company has a debt-to-equity ratio of 140.99, a quick ratio of 0.37 and a current ratio of 1.00.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Friday, March 6th. The company reported C$0.08 earnings per share for the quarter. Algonquin Power & Utilities had a net margin of 7.42% and a return on equity of 3.88%. The firm had revenue of C$829.86 million for the quarter. On average, sell-side analysts predict 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.