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

Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$7.33.

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

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Algonquin Power & Utilities Price Performance

AQN traded down C$0.03 on Tuesday, hitting C$7.34. 1,023,009 shares of the company’s stock traded hands, compared to its average volume of 2,440,155. The company’s 50 day simple moving average is C$7.98 and its 200-day simple moving average is C$8.27. The firm has a market cap of C$5.65 billion, a price-to-earnings ratio of 40.78, a P/E/G ratio of 1.07 and a beta of 1.39. Algonquin Power & Utilities has a one year low of C$7.26 and a one year high of C$9.69. 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 – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported C$0.06 EPS for the quarter. Algonquin Power & Utilities had a return on equity of 3.20% and a net margin of 5.86%.The company had revenue of C$772.76 million during the quarter. As a group, research analysts anticipate that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

About Algonquin Power & Utilities

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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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