Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$6.38 Average Target Price from Brokerages

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have received an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Three research 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$6.38.

AQN has been the subject of a number of recent analyst reports. Janney Montgomery Scott raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. 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 upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th.

Algonquin Power & Utilities Trading Up 0.1%

Shares of AQN opened at C$8.99 on Thursday. The stock has a market capitalization of C$6.91 billion, a P/E ratio of -299.67, a PEG ratio of 1.07 and a beta of 1.12. Algonquin Power & Utilities has a twelve month low of C$6.17 and a twelve month high of C$9.13. 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 firm has a fifty day simple moving average of C$8.64 and a two-hundred day simple moving average of C$8.27.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.09 EPS for the quarter. The firm had revenue of C$811.36 million during the quarter. Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. On average, research analysts anticipate that Algonquin Power & Utilities will post 0.4650555 EPS 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.