Algonquin Power & Utilities Corp. (TSE:AQN) Stock Has Average Price Target of C$7.33 According to Analysts

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been given an average rating of “Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$7.33.

Separately, Canadian Imperial Bank of Commerce decreased their price target on shares of Algonquin Power & Utilities from C$6.25 to C$6.00 in a research note on Tuesday, September 22nd.

Algonquin Power & Utilities Price Performance

Shares of AQN traded up C$0.04 during trading hours on Friday, reaching C$7.42. 3,656,606 shares of the company traded hands, compared to its average volume of 2,523,234. The company has a quick ratio of 0.37, a current ratio of 0.88 and a debt-to-equity ratio of 143.60. The stock has a market capitalization of C$5.71 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.24. Algonquin Power & Utilities has a fifty-two week low of C$6.96 and a fifty-two week high of C$9.69. The stock has a fifty day simple moving average of C$7.58 and a 200 day simple moving average of C$8.08.

Algonquin Power & Utilities (TSE:AQN) last announced its earnings results on Friday, August 7th. The company reported C$0.06 earnings per share for the quarter. Algonquin Power & Utilities had a net margin of 5.86% and a return on equity of 3.20%. The firm had revenue of C$772.76 million during the quarter. As a group, research analysts predict that Algonquin Power & Utilities will post 0.47 EPS 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.