Analysts Set Algonquin Power & Utilities Corp. (TSE:AQN) Price Target at C$6.00

Algonquin Power & Utilities Corp. (TSE:AQN) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$6.00.

A number of research analysts recently commented on AQN shares. TD Securities boosted their price target on Algonquin Power & Utilities from C$5.00 to C$6.00 and gave the company a “hold” rating in a research note on Monday. BMO Capital Markets cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday.

Algonquin Power & Utilities Price Performance

TSE:AQN opened at C$7.66 on Tuesday. The firm has a fifty day simple moving average of C$7.31 and a 200 day simple moving average of C$6.85. Algonquin Power & Utilities has a 1-year low of C$6.03 and a 1-year high of C$9.19. The stock has a market capitalization of C$4.15 billion, a PE ratio of -3.84, a P/E/G ratio of 1.07 and a beta of 0.52. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings results on Friday, March 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. During the same period last year, the company posted $0.16 EPS. On average, research analysts expect that Algonquin Power & Utilities will post 0.4650555 EPS for the current fiscal year.

Insider Transactions at Algonquin Power & Utilities

In other news, Director Randy David Laney acquired 9,795 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of C$7.02 per share, with a total value of C$68,803.21. 0.06% of the stock is owned by corporate insiders.

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.