Algonquin Power & Utilities Corp. (TSE:AQN) Receives Consensus Recommendation of "Hold" from Brokerages

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$6.63.

Several equities analysts recently issued reports on the stock. National Bank Financial cut shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 price target on the stock. in a research report on Tuesday, June 3rd. BMO Capital Markets lowered shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, TD Securities boosted their price objective on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a "hold" rating in a research note on Wednesday, June 4th.

Algonquin Power & Utilities Stock Performance

Shares of AQN stock remained flat at C$7.91 during mid-day trading on Wednesday. 561,625 shares of the company's stock were exchanged, compared to its average volume of 2,297,225. The company has a 50-day moving average price of C$7.77 and a 200-day moving average price of C$7.14. Algonquin Power & Utilities has a 12-month low of C$6.03 and a 12-month high of C$8.76. The company has a market capitalization of C$4.29 billion, a price-to-earnings ratio of -3.97, a PEG ratio of 1.07 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.