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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$6.38.

AQN has been the subject of a number of recent analyst reports. Scotiabank upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 9th. National Bank Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, TD Securities lowered their price target on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Monday, March 9th.

Algonquin Power & Utilities Trading Down 0.8%

Shares of AQN stock opened at C$8.52 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.00 and a debt-to-equity ratio of 140.99. The firm has a market cap of C$6.55 billion, a P/E ratio of 38.73, a PEG ratio of 1.07 and a beta of 1.20. The company has a 50 day moving average of C$8.94 and a 200-day moving average of C$8.50. Algonquin Power & Utilities has a 12-month low of C$6.31 and a 12-month high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Friday, March 6th. The company reported C$0.08 earnings per share for the quarter. The company had revenue of C$829.86 million during the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%. Sell-side analysts anticipate that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current year.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.