Shares of Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report) have received an average recommendation of “Buy” from the eight research firms that are presently covering the stock, 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is C$7.58.
A number of research firms have weighed in on AQN. TD Securities decreased their price target on 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 Algonquin Power & Utilities to a “hold” rating in a research note on Monday, May 11th. Barclays set a C$10.00 price target on Algonquin Power & Utilities and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Finally, Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 9th.
Read Our Latest Stock Analysis on AQN
Algonquin Power & Utilities Stock Down 1.6%
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$1.10 billion during the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%. Analysts anticipate that Algonquin Power & Utilities will post 0.4650555 EPS for the current fiscal 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.
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