Algonquin Power & Utilities Corp (AQN:CA) Stock Forecast
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CAD 8.00
(-4.99%)
Based on the Algonquin Power & Utilities Corp stock forecast from 8 analysts, the average analyst target price for Algonquin Power & Utilities Corp is CAD 8.00 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 Slightly Bearish, which is based on 5 positive signals and 7 negative signals. At the last closing, Algonquin Power & Utilities Corp’s stock price was CAD 8.42. Algonquin Power & Utilities Corp’s stock price has changed by +4.60% over the past week, +2.68% over the past month and -25.95% 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:CA) Stock
Based on ratings from 8 analysts Algonquin Power & Utilities Corp's stock is Buy . Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 4 buy, sell and 10 hold ratings.
AQN:CA stock's dividend yield is 6.94%.
Our analysis grades AQN:CA stock's dividend yield at B. This means that AQN:CA stock's dividend yield is above 83% of the stocks in the Utilities - Renewable sector in the TSX exchange.
Based on this AQN:CA may be a good dividend stock for its sector.
Based on targets from 8 analysts, the average taret price for AQN:CA is CAD 8.00 over the next 12 months. The maximum analyst target price is CAD 10 while the minimum anlayst target price is CAD 5.75.
AQN:CA stock's Price/Earning ratio is 211.50.
Our analysis grades AQN:CA stock's Price / Earning ratio at F. This means that AQN:CA stock's Price/Earning ratio is above 67% of the stocks in the Utilities - Renewable sector in the TSX exchange.
Based on this AQN:CA may be a overvalued for its sector.
The last closing price of AQN:CA's stock was CAD 8.42.
The most recent market capitalization for AQN:CA is CAD 5.83B.
Based on targets from 8 analysts, the average taret price for AQN:CA is projected at CAD 8.00 over the next 12 months.
This means that AQN:CA's stock price may go down by -4.99% 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
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 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.
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.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
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.
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.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
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.
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