Algonquin Power & Utilities Corp. (TSE:AQN) Given Average Rating of “Moderate Buy” by Analysts

Algonquin Power & Utilities Corp. (TSE:AQN) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$6.38.

A number of research firms have recently issued reports on AQN. Scotiabank raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Finally, Desjardins upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a report on Tuesday, September 30th.

Algonquin Power & Utilities Stock Up 3.3%

AQN opened at C$8.48 on Wednesday. Algonquin Power & Utilities has a twelve month low of C$6.03 and a twelve month high of C$9.10. The company’s 50-day moving average price is C$8.27 and its two-hundred day moving average price is C$8.04. The stock has a market cap of C$6.51 billion, a price-to-earnings ratio of -282.67, a PEG ratio of 1.07 and a beta of 1.22. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. The company 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%. As a group, equities analysts expect that Algonquin Power & Utilities will post 0.4650555 earnings per share 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.