Algonquin Power & Utilities (TSE:AQN) Raised to Moderate Buy at Raymond James Financial

Algonquin Power & Utilities (TSE:AQN) was upgraded by analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on the company. National Bank Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Scotiabank upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. TD Securities dropped their target price on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a research note on Monday. Finally, Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Algonquin Power & Utilities presently has a consensus rating of “Buy” and a consensus price target of C$6.38.

Algonquin Power & Utilities Price Performance

TSE:AQN opened at C$8.39 on Monday. Algonquin Power & Utilities has a 12-month low of C$6.31 and a 12-month high of C$9.69. The firm has a market cap of C$6.44 billion, a price-to-earnings ratio of -279.67, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The company’s 50-day moving average is C$8.96 and its two-hundred day moving average is C$8.42. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 138.56.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings results on Friday, March 6th. The company reported C$0.08 EPS for the quarter. The business had revenue of C$829.86 million during the quarter. Algonquin Power & Utilities had a negative net margin of 1.11% and a negative return on equity of 0.57%. Research analysts expect 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.