Algonquin Power & Utilities Corp. (TSE:AQN) Given Consensus Rating of “Hold” by Brokerages

Algonquin Power & Utilities Corp. (TSE:AQN) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have covered the stock in the last year is C$6.63.

A number of research firms have commented on AQN. TD Securities raised their target price on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a “hold” rating in a research note on Wednesday. National Bank Financial lowered Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating and set a C$6.75 price target for the company. in a research note on Tuesday. Finally, BMO Capital Markets cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th.

Algonquin Power & Utilities Stock Up 0.4%

AQN opened at C$8.02 on Friday. 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 company’s 50-day moving average is C$7.47 and its 200 day moving average is C$6.96. Algonquin Power & Utilities has a fifty-two week low of C$6.03 and a fifty-two week high of C$8.76. The firm has a market capitalization of C$4.35 billion, a P/E ratio of -4.02, a PEG ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, March 7th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. During the same quarter in the prior year, the business earned $0.16 earnings per share. Research analysts expect that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Randy David Laney bought 9,795 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average price of C$7.02 per share, for a total transaction of C$68,803.21. Company insiders own 0.06% of the company’s stock.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.