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Algonquin Power & Utilities Corp has a consensus price target of $6.81 based on the ratings of 10 analysts. The high is $10.5 issued by Credit Suisse on May 30, 2023. The low is $5.25 issued by Scotiabank on November 8, 2024. The 3 most-recent analyst ratings were released by Scotiabank, CIBC, and Wells Fargo on November 8, 2024, October 22, 2024, and October 16, 2024, respectively. With an average price target of $5.42 between Scotiabank, CIBC, and Wells Fargo, there's an implied 14.04% upside for Algonquin Power & Utilities Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Algonquin Power (NYSE:AQN) was reported by Scotiabank on November 8, 2024. The analyst firm set a price target for $5.25 expecting AQN to rise to within 12 months (a possible 10.53% upside). 15 analyst firms have reported ratings in the last year.
The latest analyst rating for Algonquin Power (NYSE:AQN) was provided by Scotiabank, and Algonquin Power maintained their sector perform rating.
The last upgrade for Algonquin Power & Utilities Corp happened on January 8, 2024 when BMO Capital raised their price target to $7.5. BMO Capital previously had a market perform for Algonquin Power & Utilities Corp.
The last downgrade for Algonquin Power & Utilities Corp happened on August 12, 2024 when Wells Fargo changed their price target from $8.5 to $6 for Algonquin Power & Utilities Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Algonquin Power, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Algonquin Power was filed on November 8, 2024 so you should expect the next rating to be made available sometime around November 8, 2025.
While ratings are subjective and will change, the latest Algonquin Power (AQN) rating was a maintained with a price target of $5.75 to $5.25. The current price Algonquin Power (AQN) is trading at is $4.75, which is out of the analyst’s predicted range.
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