Algonquin Power & Utilities Corp (AQN) Stock Forecast
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USD 6.15
(+29.40%)
Based on the Algonquin Power & Utilities Corp stock forecast from 9 analysts, the average analyst target price for Algonquin Power & Utilities Corp is USD 6.15 over the next 12 months. Algonquin Power & Utilities Corp’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Algonquin Power & Utilities Corp is Bullish , which is based on 12 positive signals and 5 negative signals. At the last closing, Algonquin Power & Utilities Corp’s stock price was USD 4.75. Algonquin Power & Utilities Corp’s stock price has changed by -1.45% over the past week, -6.31% over the past month and -21.49% over the last year.
No recent analyst target price found for Algonquin Power & Utilities Corp
No recent average analyst rating found for Algonquin Power & Utilities Corp
Company Overview Algonquin Power & Utilities Corp
Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2023, it provided distribution services to approximately 1,256,000 customer connections in the electric (approximately 309,000 customer connections), water and wastewater (approximately 572,000 customer connections), and natural gas sectors (approximately 375,000 customer connections). The company's electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, and in Bermuda. Its regulated water distribution and wastewater collection utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York and Texas, and in Chile. The company's regulated natural gas distribution utility systems located in the province of New Brunswick and the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire and New York. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. The company generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its renewable and clean power generation facilities. It has economic interests in hydroelectric, wind, solar, renewable natural gas, and thermal facilities. As of December 31, 2023, it had a combined net generating capacity attributable to the Renewable Energy Group of approximately 2.7 GW. The company was incorporated in 1988 and is headquartered in Oakville, Canada. Address: 354 Davis Road, Oakville, ON, Canada, L6J 2X1 Read Less
Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric,...Read More
Frequently Asked Questions About Algonquin Power & Utilities Corp (AQN) Stock
Based on ratings from 9 analysts Algonquin Power & Utilities Corp's stock is Hold . Stock Target Advisor's fundamental analysis is Bullish . The stock has 1 buy, sell and 14 hold ratings.
AQN stock's dividend yield is 5.45%.
Our analysis grades AQN stock's dividend yield at F. This means that AQN stock's dividend yield is above 50% of the stocks in the Utilities - Renewable sector in the NYE exchange.
Based on this AQN may be a average dividend stock for its sector.
Based on targets from 9 analysts, the average taret price for AQN is USD 6.15 over the next 12 months. The maximum analyst target price is USD 7.7 while the minimum anlayst target price is USD 5.
AQN stock's Price/Earning ratio is 8.83.
Our analysis grades AQN stock's Price / Earning ratio at B+. This means that AQN stock's Price/Earning ratio is above 11% of the stocks in the Utilities - Renewable sector in the NYE exchange.
Based on this AQN may be undervalued for its sector.
The last closing price of AQN's stock was USD 4.75.
The most recent market capitalization for AQN is USD 3.66B.
Based on targets from 9 analysts, the average taret price for AQN is projected at USD 6.15 over the next 12 months.
This means that AQN's stock price may go up by +29.40% over the next 12 months.
We can't find any ETFs which contains Algonquin Power & Utilities Corp's stock.
As per our most recent records Algonquin Power & Utilities Corp has 3,946 Employees.
Algonquin Power & Utilities Corp's registered address is 354 Davis Road, Oakville, ON, Canada, L6J 2X1.
You can get more information about it from Algonquin Power & Utilities Corp's website at https://algonquinpower.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low debt
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Frequently Asked Questions About Algonquin Power & Utilities Corp (AQN) Stock
Based on ratings from 9 analysts Algonquin Power & Utilities Corp's stock is Hold . Stock Target Advisor's fundamental analysis is Bullish . The stock has 1 buy, sell and 14 hold ratings.
AQN stock's dividend yield is 5.45%.
Our analysis grades AQN stock's dividend yield at F. This means that AQN stock's dividend yield is above 50% of the stocks in the Utilities - Renewable sector in the NYE exchange.
Based on this AQN may be a average dividend stock for its sector.
Based on targets from 9 analysts, the average taret price for AQN is USD 6.15 over the next 12 months. The maximum analyst target price is USD 7.7 while the minimum anlayst target price is USD 5.
AQN stock's Price/Earning ratio is 8.83.
Our analysis grades AQN stock's Price / Earning ratio at B+. This means that AQN stock's Price/Earning ratio is above 11% of the stocks in the Utilities - Renewable sector in the NYE exchange.
Based on this AQN may be undervalued for its sector.
The last closing price of AQN's stock was USD 4.75.
The most recent market capitalization for AQN is USD 3.66B.
Based on targets from 9 analysts, the average taret price for AQN is projected at USD 6.15 over the next 12 months.
This means that AQN's stock price may go up by +29.40% over the next 12 months.
We can't find any ETFs which contains Algonquin Power & Utilities Corp's stock.
As per our most recent records Algonquin Power & Utilities Corp has 3,946 Employees.
Algonquin Power & Utilities Corp's registered address is 354 Davis Road, Oakville, ON, Canada, L6J 2X1.
You can get more information about it from Algonquin Power & Utilities Corp's website at https://algonquinpower.com.
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