Altagas Receives Average Recommendation of “Buy” from Brokerages (TSE:ALA)
Shares of Altagas (TSE:ALA) have been given an average rating of “Buy” by the eight ratings firms that are covering the stock, Analyst Ratings News reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$51.71.
Several analysts have recently commented on the stock. 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 51.91 on Friday. Altagas has a one year low of $34.80 and a one year high of $52.16. The stock’s 50-day moving average is $49.27 and its 200-day moving average is $46.8. The company has a market cap of $6.417 billion and a P/E ratio of 37.71.
Altagas (TSE:ALA) last released its earnings data on Friday, August 1st. The company reported $0.22 EPS for the quarter, meeting the Thomson Reuters 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 declared a Monthly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Monday, September 15th will be given a dividend of $0.1475 per share. This represents a yield of 3.59%. The ex-dividend date of this dividend is Thursday, August 21st.
AltaGas Ltd. Is a Canada-based diversified energy infrastructure business with a focus on natural gas, power and regulated utilities.
Receive News & Ratings for Altagas Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altagas Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.