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

Algonquin Power & Utilities Corp. (TSE:AQN) has been given an average rating of “Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$8.00.

AQN has been the topic of a number of recent analyst reports. Wells Fargo & Company raised Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th. Raymond James Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 9th. Barclays set a C$10.00 target price on Algonquin Power & Utilities and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Finally, TD Securities cut their price target 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.

Algonquin Power & Utilities Price Performance

Shares of AQN opened at C$8.29 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.37 and a debt-to-equity ratio of 143.58. The company’s fifty day simple moving average is C$8.42 and its 200 day simple moving average is C$8.63. Algonquin Power & Utilities has a 1-year low of C$7.26 and a 1-year high of C$9.69. The company has a market cap of C$6.38 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 1.07 and a beta of 1.46.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.18 earnings per share for the quarter. The company 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%. On average, research 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., 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.