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How Does Algonquin Power & Utilities Corp (AQN) Stock Rank on Wall Street Monday?

Monday, November 28, 2022 11:43 AM | InvestorsObserver Analysts

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How Does Algonquin Power & Utilities Corp (AQN) Stock Rank on Wall Street Monday?

Wall Street is positive on Algonquin Power & Utilities Corp (AQN). On average, analysts give the stock a Hold rating. The average price target is $12.166, which means analysts expect the stock to climb by 62.00% over the next twelve months. That average ranking earns the stock an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3
Wall Street analysts are rating AQN a Hold today. Find out what this means to you and get the rest of the rankings on AQN!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Algonquin Power & Utilities Corp Stock Today?

Algonquin Power & Utilities Corp (AQN) stock is trading at $7.51 as of 11:34 AM on Monday, Nov 28, a decline of -$0.17, or -2.28% from the previous closing price of $7.68. The stock has traded between $7.49 and $7.64 so far today. Volume today is light. So far 2,256,573 shares have traded compared to average volume of 5,546,164 shares. Click Here to get the full Stock Report for Algonquin Power & Utilities Corp stock.

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