Algonquin Power & Utilities Corp. (TSE:AQN) has been assigned an average rating of "Buy" from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$18.67.
Several brokerages have commented on AQN. CSFB set a C$16.00 target price on shares of Algonquin Power & Utilities and gave the company a "neutral" rating in a research report on Wednesday, October 27th. CIBC upped their target price on shares of Algonquin Power & Utilities to C$22.00 and gave the company an "outperform" rating in a research report on Monday, August 16th. Raymond James upped their target price on shares of Algonquin Power & Utilities from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research report on Friday, November 12th. Credit Suisse Group reiterated a "neutral" rating and set a C$16.00 target price on shares of Algonquin Power & Utilities in a research report on Wednesday, October 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Algonquin Power & Utilities from C$20.00 to C$21.00 and gave the company a "strong-buy" rating in a research report on Monday, August 23rd.
AQN stock opened at C$17.56 on Thursday. The company has a debt-to-equity ratio of 101.28, a current ratio of 0.62 and a quick ratio of 0.35. The company has a 50 day moving average price of C$18.42 and a 200 day moving average price of C$18.92. Algonquin Power & Utilities has a fifty-two week low of C$17.51 and a fifty-two week high of C$22.67. The stock has a market capitalization of C$11.80 billion and a PE ratio of 14.56.
Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings data on Thursday, November 11th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.20 by C($0.01). The company had revenue of C$665.57 million for the quarter, compared to analysts' expectations of C$586.89 million. As a group, equities analysts expect that Algonquin Power & Utilities will post 1 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 14th. Stockholders of record on Friday, December 31st will be issued a $0.424 dividend. This is a positive change from Algonquin Power & Utilities's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $1.70 annualized dividend and a dividend yield of 9.66%. Algonquin Power & Utilities's payout ratio is 70.48%.
Algonquin Power & Utilities Company Profile
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through non-regulated renewable and clean energy power generation facilities.
Further Reading: Why are percentage decliners important?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Algonquin Power & Utilities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Algonquin Power & Utilities wasn't on the list.
While Algonquin Power & Utilities currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here