Brokerages Set Algonquin Power & Utilities Corp. (TSE:AQN) PT at C$6.38

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

Several analysts 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. Scotiabank raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Finally, Natl Bk Canada raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th.

Algonquin Power & Utilities Price Performance

TSE AQN opened at C$8.90 on Thursday. 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 has a market capitalization of C$6.84 billion, a price-to-earnings ratio of -296.67, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The company has a 50 day simple moving average of C$8.61 and a 200-day simple moving average of C$8.25. Algonquin Power & Utilities has a 52-week low of C$6.17 and a 52-week 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 firm 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%. Equities research analysts predict that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal 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.