Desjardins Issues Optimistic Forecast for TSE:AQN Earnings

Key Points

• Desjardins analysts have increased their FY2026 earnings per share estimate for Algonquin Power & Utilities to $0.50, up from a previous forecast of $0.48, while maintaining a "Moderate Buy" rating on the stock.
• TD Securities has lowered its target price for the company from C$6.50 to C$6.00 and designated a "hold" rating, reflecting a cautious outlook among some analysts.
• Currently, Algonquin Power & Utilities has an average stock rating of "Hold" with an average target price of C$6.38, amidst fluctuating earnings projections.

Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Investment analysts at Desjardins lifted their FY2026 earnings per share estimates for shares of Algonquin Power & Utilities in a research report issued on Tuesday, September 30th. Desjardins analyst B. Stadler now forecasts that the company will post earnings per share of $0.50 for the year, up from their previous forecast of $0.48. Desjardins currently has a "Moderate Buy" rating on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.47 per share. Desjardins also issued estimates for Algonquin Power & Utilities' FY2027 earnings at $0.61 EPS.

Separately, TD Securities reduced their target price on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a "hold" rating for the company in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$6.38.

Algonquin Power & Utilities Stock Performance

Shares of AQN opened at C$7.98 on Thursday. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The stock has a 50-day moving average of C$7.88 and a 200-day moving average of C$7.71. The company has a market cap of C$6.13 billion, a PE ratio of -4.20, a P/E/G ratio of 1.07 and a beta of 1.00. Algonquin Power & Utilities has a one year low of C$6.03 and a one year high of C$8.56.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.

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