Shares of Altagas Ltd (TSE:ALA) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$35.11.

Several equities analysts recently commented on the company. Canaccord Genuity reduced their price target on Altagas from C$33.00 to C$31.00 and set a “hold” rating on the stock in a research report on Tuesday, July 25th. Royal Bank Of Canada reduced their price target on Altagas from C$35.00 to C$33.00 and set a “sector perform” rating on the stock in a research report on Friday, July 28th. Finally, BMO Capital Markets set a C$32.00 price target on Altagas and gave the stock a “market perform” rating in a research report on Friday, July 28th.

Altagas (TSE ALA) traded down 0.25% during mid-day trading on Friday, hitting $27.58. 262,169 shares of the company were exchanged. The stock has a market cap of $4.73 billion and a price-to-earnings ratio of 42.76. The firm has a 50 day moving average price of $28.15 and a 200 day moving average price of $29.95. Altagas has a 12 month low of $26.87 and a 12 month high of $35.55.

Altagas (TSE:ALA) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $539 million for the quarter, compared to analyst estimates of $633.11 million. Altagas had a negative return on equity of 0.93% and a net margin of 1.84%. Analysts anticipate that Altagas will post $0.95 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.10 annualized dividend and a yield of 7.61%.

COPYRIGHT VIOLATION WARNING: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/09/09/altagas-ltd-ala-receives-average-rating-of-buy-from-analysts.html.

Altagas Company Profile

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)

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 MarketBeat.com's FREE daily email newsletter.