Algonquin Power Utilities Stock Buy Hold or Sell Recommendation
| AQN Stock | USD 6.19 0.03 0.49% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Algonquin Power Utilities is 'Strong Hold'. Macroaxis provides Algonquin Power buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AQN positions. The advice algorithm takes into account all of Algonquin Power's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Algonquin Power's buy or sell advice are summarized below:
Real Value 7.21 | Target Price 8.36 | Hype Value 6.15 | Market Value 6.19 | Naive Value 6.06 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Algonquin Power Utilities given historical horizon and risk tolerance towards Algonquin Power. When Macroaxis issues a 'buy' or 'sell' recommendation for Algonquin Power Utilities, the advice is generated through an automated system that utilizes algorithms and statistical models.
Algonquin |
Execute Algonquin Power Buy or Sell Advice
The Algonquin recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Algonquin Power Utilities. Macroaxis does not own or have any residual interests in Algonquin Power Utilities or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Algonquin Power's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Algonquin Power Trading Alerts and Improvement Suggestions
| The company has 8.49 B in debt with debt to equity (D/E) ratio of 1.03, which is OK given its current industry classification. Algonquin Power Utilities has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Algonquin Power until it has trouble settling it off, either with new capital or with free cash flow. So, Algonquin Power's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Algonquin Power Utilities sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Algonquin to invest in growth at high rates of return. When we think about Algonquin Power's use of debt, we should always consider it together with cash and equity. | |
| Algonquin Power has a poor financial position based on the latest SEC disclosures | |
| About 62.0% of Algonquin Power shares are held by institutions such as insurance companies | |
| On 15th of April 2024 Algonquin Power paid $ 0.1085 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Algonquin Power and Utilities Pref A Quote - Press Release - The Globe and Mail |
Algonquin Power Returns Distribution Density
The distribution of Algonquin Power's historical returns is an attempt to chart the uncertainty of Algonquin Power's future price movements. The chart of the probability distribution of Algonquin Power daily returns describes the distribution of returns around its average expected value. We use Algonquin Power Utilities price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Algonquin Power returns is essential to provide solid investment advice for Algonquin Power.
| Mean Return | 0.1 | Value At Risk | -3.24 | Potential Upside | 3.23 | Standard Deviation | 2.05 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Algonquin Power historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Algonquin Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Algonquin Power is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Algonquin Power Utilities backward and forwards among themselves. Algonquin Power's institutional investor refers to the entity that pools money to purchase Algonquin Power's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Legal & General Group Plc | 2023-12-31 | 9 M | Amvescap Plc. | 2023-12-31 | 8.6 M | Cibc World Markets Inc. | 2023-12-31 | 7.9 M | Td Asset Management Inc | 2023-12-31 | 7.8 M | Intact Investment Management, Inc. | 2023-12-31 | 5 M | Norges Bank | 2023-12-31 | 4.5 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 4.4 M | Davidson Kempner Capital Management Lp | 2023-12-31 | 4.1 M | Fmr Inc | 2023-12-31 | 4 M | Starboard Value Lp | 2023-12-31 | 62 M | Goldman Sachs Group Inc | 2023-12-31 | 31.1 M |
Algonquin Power Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 21.5M | 42.7M | 31.4M | (60.2M) | (1.7M) | (1.7M) | |
| Free Cash Flow | 29.9M | (280.8M) | (1.2B) | (469.9M) | (417.9M) | (397.0M) | |
| Depreciation | 284.3M | 314.1M | 403.0M | 455.5M | 475.6M | 499.3M | |
| Other Non Cash Items | (283.0M) | (543.6M) | 133.1M | 751.8M | 290.3M | 304.8M | |
| Capital Expenditures | 581.3M | 786.0M | 1.3B | 1.1B | 1.1B | 1.1B | |
| Net Income | 485.0M | 727.8M | 185.7M | (308.2M) | 29.2M | 27.7M | |
| End Period Cash Flow | 87.3M | 130.0M | 161.4M | 101.2M | 55.9M | 44.9M | |
| Dividends Paid | 204.9M | 262.2M | 316.1M | 387.3M | 336.9M | 353.7M | |
| Change To Inventory | 8.0M | 1.3M | (43.2M) | (45.2M) | (2.2M) | (2.3M) | |
| Investments | (1.3B) | (264.4M) | (622.1M) | (1.8B) | (1.1B) | (1.0B) | |
| Net Borrowings | 566.8M | 311.2M | (61.0M) | 1.4B | 1.6B | 1.6B | |
| Change To Netincome | (264.2M) | (513.9M) | 11.7M | 597.2M | 686.8M | 721.1M |
Algonquin Power Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Algonquin Power or Multi-Utilities sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Algonquin Power's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Algonquin stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.09 | |
β | Beta against NYSE Composite | 2.12 | |
σ | Overall volatility | 2.02 | |
Ir | Information ratio | 0 |
Algonquin Power Volatility Alert
Algonquin Power Utilities has relatively low volatility with skewness of 0.23 and kurtosis of 0.18. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Algonquin Power's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Algonquin Power's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Algonquin Power Fundamentals Vs Peers
Comparing Algonquin Power's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Algonquin Power's direct or indirect competition across all of the common fundamentals between Algonquin Power and the related equities. This way, we can detect undervalued stocks with similar characteristics as Algonquin Power or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Algonquin Power's fundamental indicators could also be used in its relative valuation, which is a method of valuing Algonquin Power by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Algonquin Power to competition |
| Fundamentals | Algonquin Power | Peer Average |
| Return On Equity | -0.0047 | -0.31 |
| Return On Asset | 0.0166 | -0.14 |
| Profit Margin | 0.01 % | (1.27) % |
| Operating Margin | 0.18 % | (5.51) % |
| Current Valuation | 14.83 B | 16.62 B |
| Shares Outstanding | 689.66 M | 571.82 M |
| Shares Owned By Insiders | 0.06 % | 10.09 % |
| Shares Owned By Institutions | 62.34 % | 39.21 % |
| Number Of Shares Shorted | 16.18 M | 4.71 M |
| Price To Earning | 5.61 X | 28.72 X |
| Price To Book | 0.84 X | 9.51 X |
| Price To Sales | 1.53 X | 11.42 X |
| Revenue | 2.74 B | 9.43 B |
| Gross Profit | 1.05 B | 27.38 B |
| EBITDA | 972.27 M | 3.9 B |
| Net Income | 29.2 M | 570.98 M |
| Cash And Equivalents | 85 M | 2.7 B |
| Cash Per Share | 0.12 X | 5.01 X |
| Total Debt | 8.49 B | 5.32 B |
| Debt To Equity | 1.03 % | 48.70 % |
| Current Ratio | 0.77 X | 2.16 X |
| Book Value Per Share | 7.04 X | 1.93 K |
| Cash Flow From Operations | 639.55 M | 971.22 M |
| Short Ratio | 2.19 X | 4.00 X |
| Earnings Per Share | 0.03 X | 3.12 X |
| Target Price | 7.29 | |
| Number Of Employees | 3.95 K | 18.84 K |
| Beta | 0.47 | -0.15 |
| Market Capitalization | 4.26 B | 19.03 B |
| Total Asset | 18.28 B | 29.47 B |
| Retained Earnings | (1.27 B) | 9.33 B |
| Working Capital | (618.84 M) | 1.48 B |
| Current Asset | 305.04 M | 9.34 B |
Algonquin Power Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Algonquin . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Algonquin Power Buy or Sell Advice
When is the right time to buy or sell Algonquin Power Utilities? Buying financial instruments such as Algonquin Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 6.2B | 7.5B | 8.5B | 8.9B | Total Assets | 16.8B | 17.6B | 18.3B | 19.2B |
Use Investing Ideas to Build Portfolios
In addition to having Algonquin Power in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Algonquin Power Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is Algonquin Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.998 | Dividend Share 0.434 | Earnings Share 0.03 | Revenue Per Share 3.917 | Quarterly Revenue Growth (0.11) |
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.