Algonquin Power & Utilities Corp (AQN) Given Average Recommendation of “Buy” by Brokerages

Algonquin Power & Utilities Corp (TSE:AQN) has received an average rating of “Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$15.17.

A number of analysts have commented on the company. BMO Capital Markets reiterated an “outperform” rating and issued a C$16.00 price objective on shares of Algonquin Power & Utilities in a research report on Monday, November 13th. Desjardins raised their price objective on Algonquin Power & Utilities from C$15.25 to C$16.00 in a research report on Monday, November 13th. Royal Bank of Canada raised their price objective on Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Scotiabank reiterated an “outperform” rating and issued a C$15.50 price objective on shares of Algonquin Power & Utilities in a research report on Monday, November 13th. Finally, CIBC raised their price objective on Algonquin Power & Utilities from C$15.50 to C$16.00 in a research report on Monday, November 13th.

Shares of Algonquin Power & Utilities (TSE AQN) opened at C$12.92 on Friday. The stock has a market capitalization of $5,000.00, a P/E ratio of 26.37 and a beta of 0.27. Algonquin Power & Utilities has a fifty-two week low of C$11.77 and a fifty-two week high of C$14.40.

Algonquin Power & Utilities (TSE:AQN) last released its earnings results on Tuesday, November 14th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.13 by C$0.03. The firm had revenue of C$443.30 million for the quarter, compared to analyst estimates of C$514.87 million. Algonquin Power & Utilities had a return on equity of 8.59% and a net margin of 11.03%.

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Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.

Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

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