Algonquin Power & Utilities Corp Stock Forecast:
According to 14 analysts, the average target price for Algonquin Power & Utilities Corp stock over the next 12 months is USD 10.56, and the average analyst rating is Buy. However, Stock Target Advisor‘s analysis is Neutral based on 6 positive signals and 6 negative signals. The current stock price is USD 8.50, and it has decreased by 1.85% over the past week, increased by 6.78% over the past month, and decreased by 45.58% over the last year.
Analysts Coverage Change:
Scotia Capital maintains a “Sector Perform” rating for Algonquin Power & Utilities Corp and raises the price target to $9.25 from $9 on the company’s stock.
Positive Fundamentals:
Algonquin Power & Utilities stock has a high market capitalization and is among the largest entities in its sector, making it more stable. It has superior total returns compared to its sector peers over the past 5 years and is underpriced compared to book value. The company has positive cash flow and positive free cash flow in the most recent four quarters. Additionally, it has a high Gross Profit to Asset Ratio, indicating superior returns in the long run compared to its peers.
Negative Fundamentals:
Algonquin Power & Utilities stock has high volatility, with total returns that are volatile and above median for its sector over the past 5 years. The stock is also overpriced compared to its peers on a price to earning, cash flow, and free cash flow basis, and is priced above the median for its sectors. Additionally, the company has shown below median earnings and revenue growth in the previous 5 years compared to its sector. These factors should be considered before investing in the stock.
FA Score (Fundamental Analysis):
The fundamental analysis of Algonquin Power & Utilities is “Neutral” with a FA score of 5 out of 10, where 0 is very bearish and 10 is very bullish.
