Shares of AltaGas Ltd. (TSE:ALA – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$58.10.
Several analysts have commented on ALA shares. ATB Cormark Capital Markets boosted their target price on shares of AltaGas from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce lowered AltaGas from an “outperformer” rating to a “hold” rating and set a C$58.00 target price on the stock. in a report on Thursday, October 22nd. BMO Capital Markets increased their price target on AltaGas from C$54.00 to C$59.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. National Bank Financial boosted their price objective on AltaGas from C$60.00 to C$61.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Finally, Royal Bank Of Canada lifted their price objective on AltaGas from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a report on Friday, July 31st.
View Our Latest Research Report on AltaGas
AltaGas Price Performance
TSE:ALA opened at C$53.07 on Friday. The company has a debt-to-equity ratio of 120.38, a current ratio of 0.85 and a quick ratio of 0.43. The company has a 50 day moving average price of C$54.12 and a 200-day moving average price of C$51.35. The firm has a market cap of C$16.56 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of -4.97 and a beta of 0.30. AltaGas has a 1-year low of C$39.70 and a 1-year high of C$58.14.
AltaGas (TSE:ALA – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported C$0.29 earnings per share for the quarter. AltaGas had a return on equity of 6.83% and a net margin of 4.33%. The business had revenue of C$3.43 billion for the quarter. Equities research analysts forecast that AltaGas will post 2.30 EPS for the current year.
AltaGas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.3340 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.34 dividend on an annualized basis and a yield of 2.5%. AltaGas’s dividend payout ratio (DPR) is presently 65.85%.
AltaGas Company Profile
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The Company operates a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders.
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