Algonquin Power & Utilities (TSE:AQN) Upgraded at Natl Bk Canada

Natl Bk Canada upgraded shares of Algonquin Power & Utilities (TSE:AQN) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the company. Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Desjardins upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, September 30th. Finally, Scotiabank raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Algonquin Power & Utilities presently has an average rating of “Buy” and a consensus price target of C$6.38.

Algonquin Power & Utilities Price Performance

Algonquin Power & Utilities stock opened at C$8.64 on Tuesday. The stock has a market capitalization of C$6.64 billion, a P/E ratio of -288.00, a P/E/G ratio of 1.07 and a beta of 1.15. Algonquin Power & Utilities has a 12-month low of C$6.03 and a 12-month high of C$9.13. 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 firm’s 50-day moving average is C$8.39 and its two-hundred day moving average is C$8.11.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. The business had revenue of C$811.36 million for the quarter. Equities analysts predict that Algonquin Power & Utilities will post 0.4650555 earnings per share 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.