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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$8.00.

A number of research firms have recently weighed in on AQN. Barclays set a C$10.00 target price on Algonquin Power & Utilities and gave the company an “overweight” rating in a research report on Wednesday, April 1st. Wells Fargo & Company upgraded Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th.

Algonquin Power & Utilities Stock Down 0.9%

TSE AQN opened at C$8.04 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.37 and a debt-to-equity ratio of 143.58. The company has a market cap of C$6.19 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.07 and a beta of 1.45. The company has a 50 day moving average of C$8.25 and a 200-day moving average of C$8.62. Algonquin Power & Utilities has a 1-year low of C$7.26 and a 1-year high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.18 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%.The business had revenue of C$1.10 billion for the quarter. On average, equities research analysts expect that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal year.

Algonquin Power & Utilities Company Profile

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.