Algonquin Power & Utilities Corp. (TSE:AQN) Stock Has Consensus Price Target of C$7.33

Algonquin Power & Utilities Corp. (TSE:AQN) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$7.33.

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

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock opened at C$7.55 on Friday. The company’s 50 day moving average price is C$7.52 and its two-hundred day moving average price is C$8.04. The firm has a market capitalization of C$5.81 billion, a P/E ratio of 41.94, a P/E/G ratio of 1.07 and a beta of 1.24. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.88 and a quick ratio of 0.37. Algonquin Power & Utilities has a fifty-two week low of C$6.96 and a fifty-two week high of C$9.69.

Algonquin Power & Utilities (TSE:AQN) last posted its earnings results on Friday, August 7th. The company reported C$0.06 earnings per share for the quarter. Algonquin Power & Utilities had a net margin of 5.86% and a return on equity of 3.20%. The firm had revenue of C$772.76 million for the quarter. On average, equities analysts forecast that Algonquin Power & Utilities will post 0.47 earnings per share for the current fiscal year.

Algonquin Power & Utilities Company Profile

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.