Algonquin Power & Utilities (TSE:AQN) Stock Rating Upgraded by Wells Fargo & Company

Algonquin Power & Utilities (TSE:AQN) was upgraded by research analysts at Wells Fargo & Company to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. TD Securities cut their price target on 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. 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 price objective on Algonquin Power & Utilities and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$7.58.

Algonquin Power & Utilities Trading Up 0.2%

Shares of AQN opened at C$8.19 on Monday. The stock has a fifty day moving average of C$8.68 and a two-hundred day moving average of C$8.64. The company has a debt-to-equity ratio of 143.58, a quick ratio of 0.37 and a current ratio of 1.05. The company has a market capitalization of C$6.30 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.32. Algonquin Power & Utilities has a fifty-two week low of C$7.26 and a fifty-two week 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 for the quarter. The company had revenue of C$1.10 billion during the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%. As a group, analysts forecast 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.