Altagas Ltd (TSE:ALA) has received a consensus rating of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$35.11.

ALA has been the topic of several research reports. Beacon Securities reaffirmed a “buy” rating on shares of Altagas in a report on Thursday, September 21st. BMO Capital Markets set a C$32.00 price objective on shares of Altagas and gave the company a “market perform” rating in a research note on Friday, July 28th. Royal Bank Of Canada dropped their price objective on shares of Altagas from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a research note on Friday, July 28th. Finally, Canaccord Genuity cut their target price on shares of 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.

Shares of Altagas (TSE:ALA) traded up 0.03% during mid-day trading on Wednesday, hitting $28.60. 202,308 shares of the company were exchanged. The firm has a market capitalization of $4.91 billion and a P/E ratio of 44.34. The company’s 50-day moving average price is $27.91 and its 200-day moving average price is $29.59. Altagas has a 12-month low of $26.87 and a 12-month high of $35.55.

Altagas (TSE:ALA) last posted its earnings results on Thursday, July 27th. The company reported C$0.17 EPS for the quarter, topping analysts’ consensus estimates of C$0.16 by C$0.01. The firm had revenue of C$539.00 million during the quarter, compared to analysts’ expectations of C$633.11 million. Altagas had a net margin of 1.84% and a negative return on equity of 0.93%. Equities research analysts predict that Altagas will post $0.94 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 25th will be paid a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date of this dividend is Friday, September 22nd.

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Altagas Company Profile

AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.

Analyst Recommendations for Altagas (TSE:ALA)

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