Algonquin Power & Utilities Corp. (TSE:AQN) Stock Rated “Buy” by Sell-Side Brokerages

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been given an average rating of “Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$7.33.

Separately, Canadian Imperial Bank of Commerce dropped their price target on Algonquin Power & Utilities from C$6.25 to C$6.00 in a research note on Tuesday, September 22nd.

Algonquin Power & Utilities Trading Down 0.1%

AQN opened at C$7.97 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.88 and a debt-to-equity ratio of 143.60. Algonquin Power & Utilities has a 52 week low of C$6.96 and a 52 week high of C$9.69. The stock has a market cap of C$6.14 billion, a PE ratio of 44.28, a PEG ratio of 1.07 and a beta of 1.12. The business has a 50 day moving average of C$7.48 and a 200-day moving average of C$8.24.

Algonquin Power & Utilities (TSE:AQN) last issued its earnings results on Friday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a net margin of 5.86% and a return on equity of 3.20%. The business had revenue of C$914.68 million during the quarter. Equities research analysts predict that Algonquin Power & Utilities will post 0.47 earnings per share 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.