Algonquin Power & Utilities (TSE:AQN) Given a C$10.00 Price Target by Barclays Analysts

Algonquin Power & Utilities (TSE:AQN) received a C$10.00 price target from analysts at Barclays in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 15.61% from the company’s previous close.

AQN has been the subject of several other research reports. TD Securities lowered their price target on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Monday, March 9th. Scotiabank raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Raymond James Financial upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Monday, March 9th. Finally, National Bank Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$7.58.

Algonquin Power & Utilities Price Performance

Shares of TSE AQN opened at C$8.65 on Wednesday. The company has a debt-to-equity ratio of 140.99, a current ratio of 1.00 and a quick ratio of 0.37. The company has a market cap of C$6.65 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The stock’s 50-day moving average is C$8.93 and its two-hundred day moving average is C$8.50. Algonquin Power & Utilities has a 1-year low of C$6.31 and a 1-year high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Friday, March 6th. The company reported C$0.08 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%.The business had revenue of C$829.86 million during the quarter. Analysts forecast 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.