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

Algonquin Power & Utilities Corp. (TSE:AQN) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$6.38.

A number of research analysts have weighed in on AQN shares. Scotiabank raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. 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. Desjardins raised shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, September 30th. Finally, Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th.

Algonquin Power & Utilities Stock Up 0.6%

Shares of Algonquin Power & Utilities stock opened at C$9.00 on Friday. The company has a market capitalization of C$6.91 billion, a P/E ratio of -300.00, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The business has a 50-day moving average of C$8.49 and a two-hundred day moving average of C$8.16. Algonquin Power & Utilities has a 1 year low of C$6.16 and a 1 year high of C$9.13.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.09 earnings per share for the quarter. Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%.The business had revenue of C$811.36 million for the quarter. As a group, equities analysts predict 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.