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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been given a consensus recommendation of “Buy” by the eight research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$8.00.

Several research analysts have recently commented on the stock. Wells Fargo & Company raised shares of Algonquin Power & Utilities to a “hold” rating in a report on Monday, May 11th. Barclays set a C$10.00 price target on Algonquin Power & Utilities and gave the stock an “overweight” rating in a research report on Wednesday, April 1st.

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock traded down C$0.01 during trading on Friday, reaching C$8.03. The company’s stock had a trading volume of 1,806,375 shares, compared to its average volume of 2,400,206. The company has a quick ratio of 0.37, a current ratio of 1.05 and a debt-to-equity ratio of 143.58. The business’s 50-day moving average price is C$8.24 and its 200-day moving average price is C$8.61. Algonquin Power & Utilities has a 52 week low of C$7.26 and a 52 week high of C$9.69. The firm has a market cap of C$6.18 billion, a PE ratio of 38.24, a P/E/G ratio of 1.07 and a beta of 1.45.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Friday, May 8th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$1.10 billion for the quarter. Algonquin Power & Utilities had a net margin of 6.71% and a return on equity of 3.63%. Equities analysts forecast that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current year.

About Algonquin Power & Utilities

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.