Algonquin Power & Utilities Corp. (TSE:AQN) Receives Consensus Recommendation of “Buy” from Brokerages

Algonquin Power & Utilities Corp. (TSE:AQN) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$8.00.

Separately, Wells Fargo & Company raised shares of Algonquin Power & Utilities to a “hold” rating in a research note on Monday, May 11th.

Algonquin Power & Utilities Stock Performance

Shares of AQN stock opened at C$8.20 on Thursday. Algonquin Power & Utilities has a 12 month low of C$7.26 and a 12 month high of C$9.69. The stock has a market cap of C$6.31 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45. The company has a current ratio of 1.05, a quick ratio of 0.37 and a debt-to-equity ratio of 143.58. The company’s fifty day moving average price is C$8.26 and its 200-day moving average price is C$8.58.

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