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

Algonquin Power & Utilities Corp. (TSE:AQN) has been given a consensus rating of “Buy” by the seven analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$6.38.

AQN has been the topic of several research analyst reports. Scotiabank upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. TD Securities dropped their target price on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a research report on Monday, March 9th. National Bank Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Raymond James Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Monday, March 9th.

Algonquin Power & Utilities Price Performance

Algonquin Power & Utilities stock opened at C$8.57 on Friday. The stock has a market cap of C$6.59 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 1.07 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 1.00 and a debt-to-equity ratio of 140.99. The business has a 50-day simple moving average of C$8.96 and a 200 day simple moving average of C$8.49. Algonquin Power & Utilities has a 52 week low of C$6.31 and a 52 week high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Friday, March 6th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$829.86 million for the quarter. Algonquin Power & Utilities had a return on equity of 3.88% and a net margin of 7.42%. On average, research analysts forecast that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal 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.