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

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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

Hold
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Algonquin Power & Utilities in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 5 have given a hold rating, and 1 has given a strong buy rating for AQN.

Consensus Price Target

C$6.25

High Forecast	C$7.00
Average Forecast	C$6.25
Low Forecast	C$5.50

According to the 6 analysts' twelve-month price targets for Algonquin Power & Utilities, the average price target is C$6.25. The highest price target for AQN is C$7.00, while the lowest price target for AQN is C$5.50. .

Type	Current Forecast 9/16/23 to 9/15/24	1 Month Ago 8/17/23 to 8/16/24	3 Months Ago 6/18/23 to 6/17/24	1 Year Ago 9/16/22 to 9/16/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$6.25	C$7.08	C$7.08	C$9.13
Forecasted Upside	N/A	-17.19% Downside	-17.19% Downside	-9.97% Downside

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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.

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.

Algonquin Power & Utilities Stock vs. The Competition

Type	Algonquin Power & Utilities	Utilities Companies
Consensus Rating Score	2.33	2.47
Consensus Rating	Hold	Hold
News Sentiment Rating	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Janney Montgomery Scott 2 of 5 stars	M. Gaugler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/12/2024	Wells Fargo & Company 3 of 5 stars	N. Kalton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/12/2024	Raymond James 4 of 5 stars	D. Quezada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
8/12/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Merer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/30/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Stadler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold	C$5.75 ➝ C$5.50	-34.91%
11/13/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$8.00 ➝ C$7.00	-7.28%
8/21/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$9.00 ➝ C$8.75	-9.42%
4/18/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$11.00 ➝ C$12.00	+10.91%
3/7/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$11.00 ➝ C$10.00	-5.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:10 PM ET.

AQN Forecast - Frequently Asked Questions

What is Algonquin Power & Utilities' forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Algonquin Power & Utilities is C$6.25, with a high forecast of C$7.00 and a low forecast of C$5.50.
Should I buy or sell Algonquin Power & Utilities stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 5 hold ratings and 1 strong buy rating 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 downside?: According to analysts, Algonquin Power & Utilities's stock has a predicted downside of -21.88% based on their 12-month stock forecasts.
Has Algonquin Power & Utilities been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Algonquin Power & Utilities's stock had 2 upgrades and 2 downgrades by analysts.
What analysts cover Algonquin Power & Utilities?: Algonquin Power & Utilities has been rated by research analysts at Janney Montgomery Scott, National Bank Financial, Raymond James, 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 2.46. Learn more on how AQN compares to other companies.