National Bankshares Increases AltaGas (TSE:ALA) Price Target to C$33.00

AltaGas (TSE:ALAGet Free Report) had its price objective hoisted by equities researchers at National Bankshares from C$32.00 to C$33.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 20.88% from the company’s current price.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada increased their price target on AltaGas from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. CSFB cut their target price on AltaGas from C$33.00 to C$32.50 in a research note on Tuesday, May 9th. ATB Capital boosted their target price on AltaGas from C$34.00 to C$35.00 in a research report on Friday. Finally, TD Securities cut their price target on shares of AltaGas from C$34.00 to C$32.00 and set a “buy” rating on the stock in a research report on Monday, July 31st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to, the stock presently has an average rating of “Moderate Buy” and an average target price of C$32.08.

View Our Latest Stock Report on AltaGas

AltaGas Trading Up 3.3 %

Shares of ALA stock traded up C$0.88 on Friday, reaching C$27.30. 390,421 shares of the stock were exchanged, compared to its average volume of 820,426. The company has a debt-to-equity ratio of 110.58, a current ratio of 1.00 and a quick ratio of 0.44. AltaGas has a one year low of C$21.25 and a one year high of C$29.63. The stock has a market cap of C$7.69 billion, a PE ratio of 13.25, a P/E/G ratio of -4.97 and a beta of 1.30. The stock has a 50 day moving average price of C$25.03 and a 200 day moving average price of C$23.95.

AltaGas (TSE:ALAGet Free Report) last announced its quarterly earnings data on Friday, July 28th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.03). AltaGas had a return on equity of 9.08% and a net margin of 5.05%. The firm had revenue of C$2.63 billion for the quarter, compared to the consensus estimate of C$3.27 billion. Equities research analysts forecast that AltaGas will post 1.8762737 EPS for the current fiscal year.

AltaGas Company Profile

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AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers.

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Analyst Recommendations for AltaGas (TSE:ALA)

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