Algonquin Power & Utilities Corp. (TSE:AQN) Given Consensus Recommendation of “Hold” by Brokerages

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

AQN has been the subject of several analyst reports. BMO Capital Markets cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. TD Securities upped their target price on Algonquin Power & Utilities from C$5.00 to C$6.00 and gave the company a “hold” rating in a report on Monday, May 12th.

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. Corporate insiders own 0.06% of the company’s stock.

Algonquin Power & Utilities Stock Up 2.0%

Shares of AQN opened at C$7.81 on Tuesday. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. Algonquin Power & Utilities has a one year low of C$6.03 and a one year high of C$9.19. The stock has a market capitalization of C$4.23 billion, a price-to-earnings ratio of -3.92, a PEG ratio of 1.07 and a beta of 0.52. The stock has a 50 day moving average price of C$7.33 and a 200 day moving average price of C$6.85.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings results 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 firm earned $0.16 EPS. Equities research analysts forecast that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal year.

Algonquin Power & Utilities Company Profile

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.