Algonquin Power & Utilities Corp. (TSE:AQN) Receives Average Recommendation of “Buy” from Analysts

Algonquin Power & Utilities Corp. (TSE:AQN) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$8.00.

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

Algonquin Power & Utilities Stock Up 0.9%

Shares of Algonquin Power & Utilities stock opened at C$7.86 on Friday. The stock’s 50-day moving average is C$8.30 and its 200 day moving average is C$8.63. Algonquin Power & Utilities has a one year low of C$7.26 and a one year high of C$9.69. The firm has a market cap of C$6.05 billion, a price-to-earnings ratio of 37.43, a PEG 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.

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