AltaGas (TSE:ALA – Get 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$32.08.
AltaGas Trading Up 3.3 %
AltaGas (TSE:ALA – Get 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
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.
- Five stocks we like better than AltaGas
- Pros And Cons Of Monthly Dividend Stocks
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- What Does Downgrade Mean in Investing?
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
- What is a Non-Fungible Token (NFT)? Definition and How it Works
- 5 Critical Takeaways From MongoDB’s Q2 Results for AI Investors
Receive News & Ratings for AltaGas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AltaGas and related companies with MarketBeat.com's FREE daily email newsletter.