Analysts rate Algonquin Power & Utilities Corp(AQN:TSX) Stock is Bullish with a Buy rating

by: Gillian Lawrence
Algonquin Power & Utilities Corp

Analysts rate Algonquin Power & Utilities Corp with a consensus Buy rating and a 12-month average target price of $21.29 per share.  The average User ratings is a Hold, with a $19.08 , 12 month target on the stock.

Based on the Algonquin Power & Utilities Corp stock forecasts from 4 analysts, the average analyst target price for Algonquin Power & Utilities Corp is CAD 21.29 over the next 12 months. Algonquin Power & Utilities Corp’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Algonquin Power & Utilities Corp is Bullish , which is based on 8 positive signals and 3 negative signals. At the last closing, Algonquin Power & Utilities Corp’s stock price was CAD 18.53Algonquin Power & Utilities Corp’s stock price has changed by +0.32% over the past week, +8.11% over the past month and -7.67% over the last year.

About Algonquin Power & Utilities Corp (AQN:CA:TSX)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

 

Most Recent Analyst Ratings for Algonquin Power & Utilities Corp:

 

What we like:

(Bullish Signals)

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is 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.

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.

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.

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 Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What we don’t like:

(Bearish Signals)

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Disclaimer

Stock Target Advisor is not a broker/dealer, investment advisor, or platform for making stock buying or selling decisions. Our goal is to democratize and simplify financial information through automated analysis, aggregation of stock information, and education to help investors with their research. No content on our site, blogs or newsletters constitutes – or should be understood as constituting – a recommendation to enter into any securities transactions or to engage in any of the investment strategies presented in our site content. We also cannot guarantee the accuracy of any information presented on our site and in our analysis.

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