Altagas (TSE:ALA) PT Raised to C$18.00

Altagas (TSE:ALA) had its price target hoisted by Credit Suisse Group from C$17.00 to C$18.00 in a research note published on Wednesday, Stock Target Advisor reports.

A number of other research firms also recently issued reports on ALA. Canaccord Genuity lifted their price objective on shares of Altagas from C$19.00 to C$20.00 in a report on Monday, July 27th. CIBC boosted their price target on shares of Altagas from C$19.00 to C$20.00 in a research note on Thursday, June 18th. Raymond James set a C$22.00 price target on shares of Altagas and gave the stock an outperform rating in a research note on Wednesday. TD Securities boosted their price target on shares of Altagas from C$18.00 to C$19.00 and gave the stock a buy rating in a research note on Friday, May 1st. Finally, National Bank Financial boosted their price target on shares of Altagas from C$17.00 to C$19.00 and gave the stock an outperform rating in a research note on Friday, May 1st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Altagas has an average rating of Buy and an average price target of C$20.27.

TSE ALA opened at C$16.78 on Wednesday. Altagas has a 52-week low of C$8.71 and a 52-week high of C$22.74. The company has a debt-to-equity ratio of 90.61, a quick ratio of 0.56 and a current ratio of 0.87. The company has a market capitalization of $4.69 billion and a P/E ratio of 11.01. The company has a fifty day moving average of C$15.96 and a 200-day moving average of C$16.80.

Altagas (TSE:ALA) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.01). The firm had revenue of C$1.87 billion for the quarter, compared to the consensus estimate of C$1.95 billion. As a group, analysts forecast that Altagas will post 1.3608292 EPS for the current fiscal year.

Altagas Company Profile

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through three segments: Utilities, Midstream, and Power. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and 2 regulated natural gas storage utilities in the United States serving approximately 1.6 million customers.

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Analyst Recommendations for Altagas (TSE:ALA)

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Altagas (TSE:ALA) PT Raised to C$18.00

Altagas (TSE:ALA) had its price objective increased by CSFB from C$17.00 to C$18.00 in a report released on Wednesday morning, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. CIBC boosted their target price on shares of Altagas from C$19.00 to C$20.00 in a research note on Thursday, June 18th. Canaccord Genuity boosted their target price on shares of Altagas from C$19.00 to C$20.00 in a research note on Monday, July 27th. TD Securities boosted their target price on shares of Altagas from C$18.00 to C$19.00 and gave the company a buy rating in a research note on Friday, May 1st. Credit Suisse Group reiterated a neutral rating and issued a C$17.00 target price on shares of Altagas in a research note on Thursday, April 16th. Finally, Scotiabank cut shares of Altagas from an outperform rating to a sector perform rating and decreased their target price for the company from C$22.00 to C$20.00 in a research note on Wednesday, April 15th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of C$20.27.

Shares of TSE ALA opened at C$16.78 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 90.61. Altagas has a 12 month low of C$8.71 and a 12 month high of C$22.74. The company has a 50 day simple moving average of C$15.96 and a two-hundred day simple moving average of C$16.80. The stock has a market cap of $4.69 billion and a price-to-earnings ratio of 11.01.

Altagas (TSE:ALA) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.79 EPS for the quarter, missing the consensus estimate of C$0.80 by C($0.01). The business had revenue of C$1.87 billion for the quarter, compared to analyst estimates of C$1.95 billion. Analysts forecast that Altagas will post 1.3608292 EPS for the current year.

Altagas Company Profile

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through three segments: Utilities, Midstream, and Power. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and 2 regulated natural gas storage utilities in the United States serving approximately 1.6 million customers.

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Analyst Recommendations for Altagas (TSE:ALA)

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