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

$4.80

+0.06 (+1.27%)

(As of 05:38 PM 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

Hold

Based on 11 Analyst Ratings

Sell
0

Hold
9

Buy
2

Based on 11 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 11 analysts, 9 have given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for AQN.

Consensus Price Target

$6.23
29.69% Upside

According to the 11 analysts' twelve-month price targets for Algonquin Power & Utilities, the average price target is $6.23. The highest price target for AQN is $7.50, while the lowest price target for AQN is $5.25. The average price target represents a forecasted upside of 29.69% from the current price of $4.80.

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AQN Analyst Ratings Over Time

Type	Current Forecast 11/6/23 to 11/5/24	1 Month Ago 10/7/23 to 10/6/24	3 Months Ago 8/8/23 to 8/7/24	1 Year Ago 11/6/22 to 11/6/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$6.23	$6.33	$7.06	$8.25
Forecasted Upside	29.69% Upside	20.48% Upside	16.34% Upside	45.25% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	S&P 500
Consensus Rating Score	2.27	2.50	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	31.33% Upside	20.58% Upside	10.48% Upside
News Sentiment Rating	Neutral News See Recent AQN News	Neutral 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
10/22/2024	CIBC 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$5.75 ➝ $5.50	+8.48%
10/16/2024	Wells Fargo & Company 3 of 5 stars	N. Kalton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$6.00 ➝ $5.50	+7.00%
10/11/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$6.00 ➝ $6.00	+21.46%
9/5/2024	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Gaugler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$6.00	+12.68%
8/13/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$6.50 ➝ $5.75	+12.52%
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
Get the Latest News and Ratings for AQN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Algonquin Power & Utilities and its competitors with MarketBeat's FREE daily newsletter.
8/12/2024	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	$5.50 ➝ $5.25	+3.96%
8/12/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Quezada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$7.75 ➝ $7.00	+29.39%
5/28/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	$6.75 ➝ $7.25	+13.64%
3/11/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$6.00 ➝ $6.50	+0.15%
1/8/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$7.00 ➝ $7.50	+15.21%
7/24/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$10.50 ➝ $10.00	+19.90%
4/18/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$9.00 ➝ $8.50
1/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$11.00 ➝ $10.50	+57.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:06 PM ET.

AQN Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Algonquin Power & Utilities is $6.23, with a high forecast of $7.50 and a low forecast of $5.25.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 9 hold ratings, 1 buy rating 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.
: According to analysts, Algonquin Power & Utilities's stock has a predicted upside of 29.69% based on their 12-month stock forecasts.
: Over the previous 90 days, Algonquin Power & Utilities's stock had 2 downgrades and 1 upgrade by analysts.
: Algonquin Power & Utilities has been rated by research analysts at CIBC, Desjardins, Janney Montgomery Scott, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, and Wells Fargo & Company in the past 90 days.
: Analysts like Algonquin Power & Utilities less than other "utilities" companies. The consensus rating for Algonquin Power & Utilities is Hold while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how AQN compares to other companies.

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This page (NYSE:AQN) was last updated on 11/5/2024 by MarketBeat.com Staff

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