Altagas (TSE:ALA) Price Target Raised to C$23.00 at TD Securities

Share on StockTwits

Altagas (TSE:ALA) had its price objective boosted by TD Securities from C$22.00 to C$23.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Cormark reissued a market perform rating on shares of Altagas in a research report on Friday, May 3rd. Raymond James reissued a market perform rating and set a C$19.00 target price on shares of Altagas in a research report on Tuesday, July 23rd. Royal Bank of Canada increased their target price on shares of Altagas from C$20.00 to C$22.00 and gave the company a sector perform rating in a research report on Tuesday, July 23rd. Industrial Alliance Securities increased their target price on shares of Altagas from C$21.50 to C$23.00 and gave the company a buy rating in a research report on Thursday, June 27th. Finally, CIBC increased their target price on shares of Altagas from C$20.00 to C$21.00 in a research report on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Altagas currently has a consensus rating of Hold and an average target price of C$20.91.

TSE:ALA opened at C$19.98 on Friday. The firm has a market cap of $5.51 billion and a P/E ratio of 18.20. The firm’s 50 day moving average price is C$19.94. The company has a debt-to-equity ratio of 111.23, a current ratio of 0.69 and a quick ratio of 0.25. Altagas has a fifty-two week low of C$11.87 and a fifty-two week high of C$26.38.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Wednesday, July 24th. Altagas’s payout ratio is 87.43%.

About Altagas

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through three segments: Utilities, Midstream, and Power. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and 2 regulated natural gas storage utilities in the United States serving approximately 1.6 million customers.

Further Reading: What is an investor looking for in an SEC filing?

Analyst Recommendations for Altagas (TSE:ALA)

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.



Latest News

JPMorgan Chase & Co. Downgrades BP Midstream Partners  to Neutral
JPMorgan Chase & Co. Downgrades BP Midstream Partners to Neutral
Banco Santander Brasil  Rating Lowered to Sell at ValuEngine
Banco Santander Brasil Rating Lowered to Sell at ValuEngine
Blackstone Mortgage Trust  Lifted to Hold at Zacks Investment Research
Blackstone Mortgage Trust Lifted to Hold at Zacks Investment Research
Caci International  Stock Rating Upgraded by Credit Suisse Group
Caci International Stock Rating Upgraded by Credit Suisse Group
Guggenheim Upgrades Cardinal Health  to Buy
Guggenheim Upgrades Cardinal Health to Buy
CBL & Associates Properties  Downgraded by Zacks Investment Research
CBL & Associates Properties Downgraded by Zacks Investment Research


© 2006-2019 Ticker Report