Algonquin Power & Utilities Corp. (TSE:AQN) Stock Has Consensus Price Target of C$7.33

Algonquin Power & Utilities Corp. (TSE:AQN) has been given an average rating of “Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$7.33.

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

Algonquin Power & Utilities Stock Performance

Shares of AQN opened at C$7.09 on Tuesday. The firm’s fifty day simple moving average is C$7.87 and its two-hundred day simple moving average is C$8.22. Algonquin Power & Utilities has a 12 month low of C$7.02 and a 12 month high of C$9.69. The stock has a market capitalization of C$5.46 billion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.39. The company has a current ratio of 0.88, a quick ratio of 0.37 and a debt-to-equity ratio of 143.60.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly 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, analysts predict 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.