Algonquin Power & Utilities Corp. (AQN.TO) – What Are Researchers Thinking About This Stock?

Algonquin Power & Utilities Corp. (TSE:AQN) has received an average rating of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$7.33.

Separately, Canadian Imperial Bank of Commerce decreased their price objective on shares of Algonquin Power & Utilities from C$6.25 to C$6.00 in a research note on Tuesday, September 22nd.

Algonquin Power & Utilities Trading Down 0.1%

Shares of Algonquin Power & Utilities stock opened at C$7.97 on Wednesday. Algonquin Power & Utilities has a twelve month low of C$6.96 and a twelve month high of C$9.69. The company has a quick ratio of 0.37, a current ratio of 0.88 and a debt-to-equity ratio of 143.60. The business has a 50-day moving average price of C$7.48 and a 200-day moving average price of C$8.24. The firm has a market cap of C$6.14 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 1.07 and a beta of 1.12.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, November 6th. The company reported C$0.16 EPS for the quarter. The business had revenue of C$914.68 million during the quarter. Algonquin Power & Utilities had a net margin of 5.86% and a return on equity of 3.20%. Equities research analysts anticipate that Algonquin Power & Utilities will post 0.47 EPS 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.