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

C$8.46
+0.05 (+0.59%)
(As of 04/24/2024 ET)

Algonquin Power & Utilities Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 3 Analyst Ratings

Analysts' Consensus Price Target

C$7.88
-6.91% Downside
High ForecastC$8.75
Average ForecastC$7.88
Low ForecastC$7.00
TypeCurrent Forecast
4/26/23 to 4/25/24
1 Month Ago
3/27/23 to 3/26/24
3 Months Ago
1/26/23 to 1/26/24
1 Year Ago
4/26/22 to 4/26/23
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
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
2 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$7.88C$9.25C$9.44C$9.50
Predicted Upside-6.91% Downside2.23% Upside1.53% Upside-8.64% Downside
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AQN Analyst Ratings 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 Companies
Consensus Rating Score
2.00
2.44
Consensus RatingHoldHold
News Sentiment RatingPositive News
Neutral News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/11/2024Desjardins
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B. Stadler
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UpgradeSell ➝ Hold
11/13/2023Royal Bank of Canada
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 Lower TargetSector PerformC$8.00 ➝ C$7.00-7.28%
8/21/2023CIBC
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 Lower TargetNeutralC$9.00 ➝ C$8.75-9.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:46 AM ET.

AQN Price Target - Frequently Asked Questions

What is Algonquin Power & Utilities's consensus rating and price target?

According to the issued ratings of 3 analysts in the last year, the consensus rating for Algonquin Power & Utilities stock is Hold based on the current 3 hold ratings for AQN. The average twelve-month price prediction for Algonquin Power & Utilities is C$7.88 with a high price target of C$8.75 and a low price target of C$7.00. Learn more on AQN's analyst rating history.

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 2.00 while the average consensus rating score for utilities companies is 2.44. Learn more on how AQN compares to other companies.

Is Algonquin Power & Utilities being upgraded by Wall Street analysts?

Over the previous 90 days, Algonquin Power & Utilities's stock had 1 upgrade by analysts.

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

According to analysts, Algonquin Power & Utilities's stock has a predicted downside of -8.48% based on their 12-month stock forecasts.

What analysts cover Algonquin Power & Utilities?

Algonquin Power & Utilities has been rated by Desjardins in the past 90 days.


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This page (TSE:AQN) was last updated on 4/25/2024 by MarketBeat.com Staff

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