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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$8.00.

A number of equities research analysts have weighed in on the company. TD Securities reduced their target price on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Wells Fargo & Company raised Algonquin Power & Utilities to a “hold” rating in a research note on Monday, May 11th. Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 9th. Finally, Barclays set a C$10.00 price target on shares of Algonquin Power & Utilities and gave the company an “overweight” rating in a research note on Wednesday, April 1st.

Algonquin Power & Utilities Price Performance

Shares of TSE AQN opened at C$7.86 on Friday. The stock has a market capitalization of C$6.05 billion, a PE ratio of 37.43, a P/E/G ratio of 1.07 and a beta of 1.46. The company has a debt-to-equity ratio of 143.58, a current ratio of 1.05 and a quick ratio of 0.37. The business has a fifty day moving average price of C$8.30 and a two-hundred day moving average price of C$8.63. Algonquin Power & Utilities has a fifty-two week low of C$7.26 and a fifty-two week high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$1.10 billion for the quarter. Algonquin Power & Utilities had a net margin of 6.71% and a return on equity of 3.63%. As a group, equities analysts predict that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal year.

About Algonquin Power & Utilities

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.