- Algonquin Power & Utilities Corp. (AQN, Financial) announces a stable quarterly dividend, reinforcing its commitment to shareholders.
- Analysts forecast a potential downside with an average target price lower than the current market price.
- Despite mixed analyst signals, GuruFocus projects a slight upside based on the GF Value estimate.
Algonquin Power & Utilities Corp. (AQN) has declared a quarterly dividend of CAD 0.411 per share, maintaining its previous payout level. Shareholders can expect the dividend payout on June 30, with a record date set for June 13. This announcement underscores the company's steady approach to returning value to its shareholders.
Wall Street Analysts Forecast
When examining the insights from Wall Street, 9 analysts have projected a one-year average target price of $5.42 for Algonquin Power & Utilities Corp (AQN, Financial), with expectations ranging from a low of $4.75 to a high of $6.25. This average price target suggests a potential downside of 9.57% compared to the current share price of $5.99. For more detailed estimates, visit the Algonquin Power & Utilities Corp (AQN) Forecast page.
In terms of investment recommendations, 10 brokerage firms offer a consensus rating of 2.8 for Algonquin Power & Utilities Corp (AQN, Financial), which translates to a "Hold" status. The rating scale spans from 1 to 5, where 1 signifies a "Strong Buy" and 5 indicates "Sell."
GuruFocus Valuation Insights
According to GuruFocus, the estimated GF Value for Algonquin Power & Utilities Corp (AQN, Financial) in one year is $6.19, pointing to a potential upside of 3.34% from the current price of $5.99. The GF Value metric represents GuruFocus' approximation of the fair trading price, determined by past trading multiples, historical business growth, and future performance estimates. Additional details are available on the Algonquin Power & Utilities Corp (AQN) Summary page.
