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

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

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

Algonquin Power & Utilities Stock Performance

Shares of AQN stock opened at C$8.81 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35. The company has a 50 day moving average price of C$8.61 and a 200-day moving average price of C$8.26. Algonquin Power & Utilities has a 52 week low of C$6.17 and a 52 week high of C$9.13. The firm has a market capitalization of C$6.77 billion, a PE ratio of -293.67, a P/E/G ratio of 1.07 and a beta of 1.12.

Algonquin Power & Utilities (TSE:AQN) last issued its earnings results on Friday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. The company had revenue of C$811.36 million for the quarter. As a group, equities research analysts expect that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current year.

Algonquin Power & Utilities Company Profile

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.