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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$7.58.

A number of equities analysts recently issued reports on AQN shares. National Bank Financial upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. TD Securities cut their target price on shares of 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. Raymond James Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Monday, March 9th. Finally, Barclays set a C$10.00 target price on shares of Algonquin Power & Utilities and gave the stock an “overweight” rating in a research report on Wednesday, April 1st.

Algonquin Power & Utilities Stock Performance

TSE AQN opened at C$8.62 on Tuesday. The stock has a market cap of C$6.63 billion, a P/E ratio of 39.18, a PEG ratio of 1.07 and a beta of 1.27. The company’s fifty day simple moving average is C$8.88 and its 200-day simple moving average is C$8.61. The company has a current ratio of 1.00, a quick ratio of 0.37 and a debt-to-equity ratio of 140.99. Algonquin Power & Utilities has a 52 week low of C$7.15 and a 52 week high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Friday, March 6th. The company reported C$0.08 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a net margin of 7.42% and a return on equity of 3.88%. The firm had revenue of C$829.86 million for the quarter. Equities research analysts predict 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.