Altagas Receives Average Rating of “Buy” from Analysts (TSE:ALA)
Shares of Altagas (TSE:ALA) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock, Analyst Ratings Network.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$51.71.
ALA has been the subject of a number of recent research reports. Analysts at Scotiabank raised their price target on shares of Altagas from C$47.00 to C$49.00 in a research note on Friday, August 1st. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Altagas from C$53.00 to C$55.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Altagas from C$50.00 to C$53.00 in a research note on Friday, August 1st.
Altagas (TSE:ALA) opened at 50.56 on Friday. Altagas has a 1-year low of $34.80 and a 1-year high of $50.62. The stock’s 50-day moving average is $49.11 and its 200-day moving average is $46.6. The company has a market cap of $6.250 billion and a price-to-earnings ratio of 36.87.
Altagas (TSE:ALA) last released its earnings data on Friday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. On average, analysts predict that Altagas will post $1.58 earnings per share for the current fiscal year.
The company also recently announced a Monthly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.1475 per share. This represents a dividend yield of 3.59%. The ex-dividend date is Thursday, August 21st.
AltaGas Ltd. Is a Canada-based diversified energy infrastructure business with a focus on natural gas, power and regulated utilities.
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