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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$6.38.

Several research firms have commented on AQN. Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 9th. Scotiabank upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. TD Securities dropped their target price on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Finally, National Bank Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th.

Algonquin Power & Utilities Stock Down 0.7%

AQN stock opened at C$8.60 on Friday. The company has a market cap of C$6.61 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The company has a fifty day moving average price of C$8.97 and a 200 day moving average price of C$8.48. The company has a debt-to-equity ratio of 140.99, a current ratio of 1.00 and a quick ratio of 0.37. Algonquin Power & Utilities has a 12 month low of C$6.31 and a 12 month high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last announced its earnings results on Friday, March 6th. The company reported C$0.08 EPS for the quarter. Algonquin Power & Utilities had a net margin of 7.42% and a return on equity of 3.88%. The business had revenue of C$829.86 million during the quarter. Sell-side analysts expect that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current 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.