Scotiabank Boosts AltaGas (TSE:ALA) Price Target to C$52.00

AltaGas (TSE:ALA) had its price objective hoisted by Scotiabank from C$50.00 to C$52.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 10.08% from the company’s previous close.

ALA has been the subject of several other reports. ATB Cormark Capital Markets upped their target price on shares of AltaGas from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research note on Tuesday, December 23rd. Jefferies Financial Group boosted their price objective on shares of AltaGas from C$49.00 to C$53.00 in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of AltaGas from C$45.00 to C$47.00 in a research report on Wednesday, December 3rd. Canadian Imperial Bank of Commerce increased their target price on shares of AltaGas from C$47.00 to C$50.00 in a research note on Wednesday, December 17th. Finally, National Bank Financial lifted their target price on AltaGas from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$49.89.

AltaGas Stock Performance

Shares of TSE ALA opened at C$47.24 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 126.46. The business’s 50 day moving average is C$43.18 and its two-hundred day moving average is C$42.50. The company has a market cap of C$14.70 billion, a P/E ratio of 18.97, a P/E/G ratio of -4.97 and a beta of 0.49. AltaGas has a 12 month low of C$35.33 and a 12 month high of C$48.32.

AltaGas (TSE:ALA) last posted its quarterly earnings data on Friday, March 6th. The company reported C$0.77 earnings per share for the quarter. The company had revenue of C$3.29 billion during the quarter. AltaGas had a return on equity of 8.78% and a net margin of 6.15%. On average, equities analysts expect that AltaGas will post 2.3006093 EPS for the current year.

More AltaGas News

Here are the key news stories impacting AltaGas this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to C$50.00 and moved to an “outperform” rating (≈4.6% upside vs. C$47.78). BayStreet.CA
• Positive Sentiment: National Bank Financial increased its target to C$51.00 and set an “outperform” rating (≈6.7% upside). BayStreet.CA
• Positive Sentiment: TD Securities lifted its target to C$51.00 and carries a “buy” rating (≈6.7% upside). BayStreet.CA
• Positive Sentiment: ATB Cormark Capital Markets raised its target to C$52.00 and has an “outperform” rating (≈8.8% upside). BayStreet.CA TickerReport
• Positive Sentiment: Scotiabank bumped its target to C$52.00 with an “outperform” rating (≈8.8% upside). BayStreet.CA
• Positive Sentiment: Jefferies raised its target to C$53.00 (largest implied upside ≈10.9%). BayStreet.CA
• Neutral Sentiment: Collectively these raises signal improving analyst conviction and lift near-term upside expectations; they may support the stock if fundamentals (cash flow/dividend) and macro energy demand hold. BayStreet.CA
• Negative Sentiment: Risks remain—AltaGas has high leverage and tight liquidity metrics (e.g., elevated debt-to-equity, sub-1 current ratio), which could limit upside if interest rates or cash flows weaken. BayStreet.CA

About AltaGas

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users.