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

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$6.38.

A number of equities research analysts recently weighed in on the company. Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Scotiabank raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Finally, Natl Bk Canada raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th.

Algonquin Power & Utilities Stock Performance

TSE AQN opened at C$8.96 on Thursday. The stock has a market capitalization of C$6.88 billion, a price-to-earnings ratio of -298.67, a PEG ratio of 1.07 and a beta of 1.12. The business’s 50 day moving average is C$8.59 and its two-hundred day moving average is C$8.24. Algonquin Power & Utilities has a 12-month low of C$6.17 and a 12-month high of C$9.13. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$811.36 million during the quarter. Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. Research analysts expect that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

Algonquin Power & Utilities Company Profile

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.