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

Shares of Algonquin Power & Utilities Corp. (TSE:AQNGet Free Report) have received an average rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$8.00.

A number of research firms recently issued reports on AQN. Wells Fargo & Company upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th. Barclays set a C$10.00 price target on shares of Algonquin Power & Utilities and gave the company an “overweight” rating in a research note on Wednesday, April 1st.

Get Our Latest Stock Report on Algonquin Power & Utilities

Algonquin Power & Utilities Stock Down 2.3%

Algonquin Power & Utilities stock opened at C$8.38 on Thursday. Algonquin Power & Utilities has a 52-week low of C$7.26 and a 52-week high of C$9.69. The company has a debt-to-equity ratio of 143.58, a quick ratio of 0.37 and a current ratio of 1.05. The firm has a 50 day moving average price of C$8.26 and a two-hundred day moving average price of C$8.59. The firm has a market cap of C$6.45 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 1.07 and a beta of 1.45.

Algonquin Power & Utilities (TSE:AQNGet Free Report) last announced its earnings results on Friday, May 8th. The company reported C$0.18 EPS for the quarter. The company 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 analysts predict that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

About Algonquin Power & Utilities

(Get Free Report)

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.

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Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

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