Algonquin Power & Utilities Corp. (AQN.TO) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is positive: Seven analysts have an average “Buy” rating, including three “Strong Buy” ratings, with an average 12-month price target of C$7.33. CIBC recently lowered its target from C$6.25 to C$6.00.
• Algonquin shares recently traded at C$7.42, within a 52-week range of C$6.96 to C$9.69, but below both the 50-day and 200-day moving averages.
• The company reported quarterly earnings of C$0.06 per share on revenue of C$772.76 million, while its high debt-to-equity ratio of 143.60 and low current ratio of 0.88 indicate notable balance-sheet and liquidity risks.

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) has been assigned an average recommendation of "Buy" from the seven analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$7.33.

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

Algonquin Power & Utilities Price Performance

Shares of Algonquin Power & Utilities stock traded up C$0.04 on Friday, hitting C$7.42. The company's stock had a trading volume of 3,656,606 shares, compared to its average volume of 2,523,234. Algonquin Power & Utilities has a 52-week low of C$6.96 and a 52-week high of C$9.69. The company has a quick ratio of 0.37, a current ratio of 0.88 and a debt-to-equity ratio of 143.60. The firm has a fifty day moving average price of C$7.58 and a 200-day moving average price of C$8.08. The company has a market capitalization of C$5.71 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.24.

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

About Algonquin Power & Utilities

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.

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