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

Algonquin Power & Utilities Corp. (TSE:AQN) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$6.38.

AQN has been the subject of several recent analyst reports. Scotiabank raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 16th. Janney Montgomery Scott upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, National Bank Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th.

Algonquin Power & Utilities Stock Performance

Shares of TSE AQN opened at C$8.35 on Monday. Algonquin Power & Utilities has a 12-month low of C$6.17 and a 12-month high of C$9.69. The company has a market cap of C$6.41 billion, a PE ratio of -278.33, a P/E/G ratio of 1.07 and a beta of 1.20. The stock has a 50 day simple moving average of C$8.97 and a 200-day simple moving average of C$8.41. 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 posted its earnings results on Friday, March 6th. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$829.86 million for the quarter. Algonquin Power & Utilities had a negative return on equity of 0.57% and a negative net margin of 1.11%. On average, equities research analysts forecast 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.