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Algonquin Power & Utilities (AQN) Stock Forecast & Price Target

$6.29
+0.04 (+0.64%)
(As of 07/12/2024 ET)

Algonquin Power & Utilities - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$7.38
17.38% Upside
High Forecast$10.00
Average Forecast$7.38
Low Forecast$5.50
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$7.38$7.47$7.85$10.48
Forecasted Upside17.38% Upside14.16% Upside13.98% Upside29.30% Upside
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AQN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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AQN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Algonquin Power & Utilities Stock vs. The Competition

TypeAlgonquin Power & UtilitiesUtilities CompaniesS&P 500
Consensus Rating Score
2.33
2.47
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside17.38% Upside60.77% Upside9.19% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$7.00 ➝ $7.00+15.70%
7/2/2024CIBC
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 Boost TargetNeutral$7.50 ➝ $7.70+30.95%
6/6/2024Desjardins
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B. Stadler
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Boost TargetHold$5.25 ➝ $5.50-11.58%
5/28/2024National Bankshares
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 Boost TargetSector Perform$6.75 ➝ $7.25+13.64%
5/13/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$8.00 ➝ $8.50+30.17%
4/22/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$7.50 ➝ $6.50+7.79%
3/11/2024TD Securities
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 Boost TargetHold$6.00 ➝ $6.50+0.15%
1/8/2024BMO Capital Markets
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 UpgradeMarket Perform ➝ Outperform$7.00 ➝ $7.50+15.21%
7/24/2023CSFB
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 Lower TargetOutperform$10.50 ➝ $10.00+19.90%
4/18/2023Bank of America
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 DowngradeBuy ➝ Neutral$9.00 ➝ $8.50
1/13/2023Raymond James
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 Lower TargetOutperform$11.50 ➝ $10.00+48.81%
1/13/2023Credit Suisse Group
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 Lower TargetOutperform$11.00 ➝ $10.50+57.42%
11/14/2022National Bank Financial
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R. Merer
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DowngradeOutperform ➝ Sector Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:08 PM ET.

AQN Forecast - Frequently Asked Questions

What is Algonquin Power & Utilities' forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Algonquin Power & Utilities is $7.38, with a high forecast of $10.00 and a low forecast of $5.50.

Should I buy or sell Algonquin Power & Utilities stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AQN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AQN, but not buy additional shares or sell existing shares.

Does Algonquin Power & Utilities's stock price have much upside?

According to analysts, Algonquin Power & Utilities's stock has a predicted upside of 13.73% based on their 12-month stock forecasts.

What analysts cover Algonquin Power & Utilities?

Algonquin Power & Utilities has been rated by research analysts at CIBC, Desjardins, National Bankshares, Royal Bank of Canada, Scotiabank, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Algonquin Power & Utilities more than its competitors?

Analysts like Algonquin Power & Utilities less than other "utilities" companies. The consensus rating score for Algonquin Power & Utilities is 2.33 while the average consensus rating score for "utilities" companies is 2.47. Learn more on how AQN compares to other companies.


This page (NYSE:AQN) was last updated on 7/14/2024 by MarketBeat.com Staff

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