Algonquin Power & Utilities Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Algonquin Power & Utilities Corp. AQN is projected to release financial results for its third quarter, before the opening bell on Nov. 10, 2023.

Analysts expect the company to post quarterly earnings at 12 cents per share, up from year-ago earnings of 11 cents per share. The company’s revenue might come in at $670.67 million, compared to $594.76 million in the year-ago period.

Algonquin Power, during August, posted weaker-than-expected results for its second quarter.

Algonquin Power & Utilities shares fell 0.5% to close at $5.59 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • BMO Capital analyst Ben Pham maintained a Market Perform rating and cut the price target from $9 to $8.5 on Aug. 11, 2023. This analyst has an accuracy rate of 61%.
  • Wells Fargo analyst Neil Kalton maintained an Overweight rating and increased the price target from $9.5 to $10 on May 12, 2023. This analyst has an accuracy rate of 66%.
  • Desjardins analyst Brent Stadler downgraded the stock from Hold to Sell on Jan. 13, 2023. This analyst has an accuracy rate of 67%.

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