Algonquin Power & Utilities Corp. (TSE:AQN) Given Average Recommendation of "Hold" by Brokerages

Shares of Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) have been assigned an average rating of "Hold" from the six analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$6.00.

Several equities research analysts have commented on the company. BMO Capital Markets lowered Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research note on Monday. TD Securities boosted their price objective on Algonquin Power & Utilities from C$5.00 to C$6.00 and gave the stock a "hold" rating in a research note on Monday.

Algonquin Power & Utilities Price Performance

TSE AQN traded up C$0.15 during trading hours on Tuesday, reaching C$7.81. The company's stock had a trading volume of 1,042,677 shares, compared to its average volume of 2,397,916. The firm has a market capitalization of C$4.23 billion, a price-to-earnings ratio of -3.92, a P/E/G ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities has a 1-year low of C$6.03 and a 1-year high of C$9.19. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The company's 50-day moving average is C$7.31 and its two-hundred day moving average is C$6.85.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same period in the previous year, the business earned $0.16 EPS. On average, equities analysts predict that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

Insider Activity

In other Algonquin Power & Utilities news, Director Randy David Laney purchased 9,795 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of C$7.02 per share, with a total value of C$68,803.21. Company insiders own 0.06% of the company's stock.

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.