Algonquin Power & Utilities (TSE:AQN) Given a C$10.00 Price Target at Barclays

Barclays set a C$10.00 target price on Algonquin Power & Utilities (TSE:AQN) in a research report sent to investors on Wednesday,BayStreet.CA reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Scotiabank raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Raymond James Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a 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 report on Tuesday, January 6th. Finally, TD Securities cut their price target on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Algonquin Power & Utilities presently has an average rating of “Buy” and an average target price of C$7.58.

Algonquin Power & Utilities Stock Performance

TSE:AQN opened at C$8.66 on Wednesday. The company has a market cap of C$6.66 billion, a P/E ratio of 39.36, a P/E/G ratio of 1.07 and a beta of 1.20. The firm’s 50 day moving average is C$8.93 and its two-hundred day moving average is C$8.50. Algonquin Power & Utilities has a fifty-two week low of C$6.31 and a fifty-two week high of C$9.69. The company has a quick ratio of 0.37, a current ratio of 1.00 and a debt-to-equity ratio of 140.99.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data 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 return on equity of 3.88% and a net margin of 7.42%. 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.