Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$7.58 Consensus Target Price from Brokerages

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$7.58.

A number of analysts have issued reports on AQN shares. TD Securities reduced their price objective on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research note on Monday, March 9th. Barclays set a C$10.00 price objective on Algonquin Power & Utilities and gave the stock an “overweight” rating in a research note on Wednesday, April 1st. Raymond James Financial raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 9th. Finally, National Bank Financial raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th.

Algonquin Power & Utilities Stock Up 1.8%

TSE AQN opened at C$8.66 on Tuesday. The stock’s 50 day moving average is C$8.86 and its 200 day moving average is C$8.61. The company has a current ratio of 1.00, a quick ratio of 0.37 and a debt-to-equity ratio of 140.99. Algonquin Power & Utilities has a 12 month low of C$7.15 and a 12 month high of C$9.69. The stock has a market cap of C$6.66 billion, a PE ratio of 39.36, a P/E/G ratio of 1.07 and a beta of 1.27.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, March 6th. The company reported C$0.08 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%.The business had revenue of C$829.86 million for the quarter. Research analysts predict that Algonquin Power & Utilities will post 0.4650555 EPS 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.