Brokerages Set Algonquin Power & Utilities Corp. (TSE:AQN) Price Target at C$20.00

Algonquin Power & Utilities Corp. (TSE:AQNGet Rating) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$20.00.

Several brokerages have commented on AQN. National Bank Financial downgraded shares of Algonquin Power & Utilities from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Tuesday. National Bankshares downgraded shares of Algonquin Power & Utilities to a “hold” rating in a research report on Wednesday.

AQN opened at C$17.79 on Wednesday. Algonquin Power & Utilities has a fifty-two week low of C$17.14 and a fifty-two week high of C$20.19. The company has a debt-to-equity ratio of 82.26, a current ratio of 0.69 and a quick ratio of 0.39. The company has a market cap of C$11.98 billion and a price-to-earnings ratio of 33.82. The firm has a 50 day simple moving average of C$19.16 and a 200 day simple moving average of C$18.31.

Algonquin Power & Utilities (TSE:AQNGet Rating) last issued its earnings results on Thursday, March 3rd. The company reported C$0.27 EPS for the quarter, meeting the consensus estimate of C$0.27. The firm had revenue of C$749.89 million during the quarter, compared to the consensus estimate of C$761.72 million. As a group, analysts expect that Algonquin Power & Utilities will post 1.04 EPS for the current year.

About Algonquin Power & Utilities (Get Rating)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities.

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Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

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