FY2019 Earnings Estimate for AltaGas Canada Inc (TSE:ACI) Issued By Beacon Securities

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AltaGas Canada Inc (TSE:ACI) – Investment analysts at Beacon Securities issued their FY2019 EPS estimates for shares of AltaGas Canada in a research report issued on Monday, June 10th. Beacon Securities analyst L. Dunkley anticipates that the company will earn $1.48 per share for the year. Beacon Securities currently has a “Buy” rating and a $27.00 price target on the stock. Beacon Securities also issued estimates for AltaGas Canada’s FY2020 earnings at $1.56 EPS.

Separately, Industrial Alliance Securities upgraded shares of AltaGas Canada from a “hold” rating to a “buy” rating and boosted their target price for the company from C$18.00 to C$24.00 in a research report on Monday, June 3rd.

Shares of TSE ACI opened at C$23.12 on Wednesday. The company has a debt-to-equity ratio of 103.88, a current ratio of 1.05 and a quick ratio of 0.91. The company has a market cap of $705.00 million and a P/E ratio of 15.65. AltaGas Canada has a 12-month low of C$14.06 and a 12-month high of C$24.18.

AltaGas Canada (TSE:ACI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$0.64 EPS for the quarter, missing analysts’ consensus estimates of C$0.69 by C($0.05).

About AltaGas Canada

AltaGas Canada Inc, a natural gas distribution utility company, provides rate-regulated utility services in northern British Columbia. It operates in Renewable Energy and Utilities segments. The company also holds interest in the Bear Mountain Wind Park, a 102 MW generating wind facility consisting of 34 turbines, a substation, and transmission and collector lines; and the northwest hydro facilities located in Tahltan first nation territory of Vancouver, British Columbia.

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