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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$6.38.

AQN has been the subject of a number of recent analyst reports. Natl Bk Canada upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Desjardins upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Tuesday, September 30th. Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, Scotiabank raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th.

Algonquin Power & Utilities Price Performance

Algonquin Power & Utilities stock opened at C$8.89 on Friday. The firm has a market capitalization of C$6.83 billion, a P/E ratio of -296.33, a PEG ratio of 1.07 and a beta of 1.15. The business has a 50-day moving average of C$8.41 and a 200-day moving average of C$8.12. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. Algonquin Power & Utilities has a 1 year low of C$6.03 and a 1 year high of C$9.13.

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