Analysts Set Algonquin Power & Utilities Corp. (TSE:AQN) PT at C$7.58

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have been given an average recommendation of “Buy” by the eight analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$7.58.

Several analysts have weighed in on the company. TD Securities lowered their price objective on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating for the company in a research report on Monday, March 9th. Raymond James Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 9th. Barclays set a C$10.00 price objective on Algonquin Power & Utilities and gave the company 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 1.9%

Shares of AQN opened at C$8.11 on Friday. The firm has a market cap of C$6.24 billion, a P/E ratio of 38.62, a P/E/G ratio of 1.07 and a beta of 1.32. The stock has a 50 day simple moving average of C$8.55 and a two-hundred day simple moving average of C$8.64. The company has a debt-to-equity ratio of 143.58, a current ratio of 1.05 and a quick ratio of 0.37. Algonquin Power & Utilities has a 1 year low of C$7.26 and a 1 year high of C$9.69.

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