Altagas Ltd (TSE:ALA) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$35.11.

Several equities analysts have recently commented on the stock. BMO Capital Markets set a C$32.00 price target on shares of Altagas and gave the company a “market perform” rating in a report on Friday, July 28th. Royal Bank Of Canada lowered their price target on shares of Altagas from C$35.00 to C$33.00 and set a “sector perform” rating on the stock in a report on Friday, July 28th. Canaccord Genuity lowered their price target on shares of Altagas from C$33.00 to C$31.00 and set a “hold” rating on the stock in a report on Tuesday, July 25th. Scotiabank restated an “outperform” rating and set a C$36.00 price target on shares of Altagas in a report on Thursday, April 27th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a C$32.00 price target on shares of Altagas in a report on Thursday, April 27th.

Shares of Altagas (TSE ALA) traded down 0.32% on Tuesday, hitting $27.89. The company had a trading volume of 243,861 shares. The company has a 50 day moving average of $29.17 and a 200-day moving average of $30.38. The company has a market cap of $4.79 billion and a price-to-earnings ratio of 43.24. Altagas has a 12-month low of $27.70 and a 12-month high of $35.55.

Altagas (TSE:ALA) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Altagas had a net margin of 1.84% and a negative return on equity of 0.93%. The business had revenue of $539 million for the quarter, compared to analysts’ expectations of $633.11 million. On average, analysts forecast that Altagas will post $0.95 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.175 dividend. This represents a $2.10 annualized dividend and a dividend yield of 7.51%. The ex-dividend date is Wednesday, August 23rd.

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About Altagas

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. It operates through three segments: Gas, Power, and Utilities. The Gas segment engages in natural gas gathering and processing; natural gas liquids (NGL) extraction and separation, transmission, and storage; and natural gas and NGL marketing activities, as well as buying and selling natural gas.

Analyst Recommendations for Altagas (TSE:ALA)

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