Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$8.00 Consensus PT from Analysts

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have earned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$8.00.

AQN has been the topic of a number of recent analyst reports. Raymond James Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 9th. TD Securities decreased their price target on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research report on Monday, March 9th. Barclays set a C$10.00 price target on Algonquin Power & Utilities and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company upgraded Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th.

Algonquin Power & Utilities Stock Up 0.2%

AQN stock opened at C$8.42 on Wednesday. The company has a debt-to-equity ratio of 143.58, a current ratio of 1.05 and a quick ratio of 0.37. The stock has a market capitalization of C$6.48 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 1.07 and a beta of 1.46. The business’s fifty day moving average price is C$8.39 and its two-hundred day moving average price is C$8.62. Algonquin Power & Utilities has a fifty-two week low of C$7.26 and a fifty-two week high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$1.10 billion for the quarter. Algonquin Power & Utilities had a return on equity of 3.63% and a net margin of 6.71%. On average, equities analysts anticipate that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current year.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.