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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$6.38.

A number of research firms recently issued reports on AQN. Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Desjardins raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, September 30th. Natl Bk Canada upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Scotiabank raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th.

Algonquin Power & Utilities Trading Up 2.9%

AQN opened at C$8.89 on Friday. The stock has a market capitalization of C$6.83 billion, a P/E ratio of -296.33, a P/E/G ratio of 1.07 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. Algonquin Power & Utilities has a 12 month low of C$6.03 and a 12 month high of C$9.13. The firm’s fifty day simple moving average is C$8.41 and its 200 day simple moving average is C$8.12.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Friday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$811.36 million for the quarter. Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. As a group, research 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.