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

Algonquin Power & Utilities Corp. (TSE:AQN) has received a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$7.33.

Separately, Canadian Imperial Bank of Commerce lowered their price objective on shares of Algonquin Power & Utilities from C$6.25 to C$6.00 in a research note on Tuesday.

Algonquin Power & Utilities Trading Down 0.4%

AQN traded down C$0.03 during trading on Tuesday, hitting C$7.34. 1,023,009 shares of the stock were exchanged, compared to its average volume of 2,440,155. The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.37 and a current ratio of 0.88. The firm has a 50 day simple moving average of C$7.98 and a 200 day simple moving average of C$8.27. The firm has a market cap of C$5.65 billion, a price-to-earnings ratio of 40.78, a P/E/G ratio of 1.07 and a beta of 1.39. Algonquin Power & Utilities has a 1 year low of C$7.26 and a 1 year high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last issued its earnings results on Friday, August 7th. The company reported C$0.06 earnings per share for the quarter. Algonquin Power & Utilities had a return on equity of 3.20% and a net margin of 5.86%.The business had revenue of C$772.76 million during the quarter. As a group, equities analysts expect that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

Algonquin Power & Utilities Company Profile

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.