TD Securities Boosts AltaGas Canada (TSE:ACI) Price Target to C$25.00

AltaGas Canada (TSE:ACI) had its target price raised by TD Securities from C$19.50 to C$25.00 in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other analysts have also issued reports on the company. Industrial Alliance Securities raised AltaGas Canada from a hold rating to a buy rating and increased their target price for the stock from C$18.00 to C$24.00 in a report on Monday, June 3rd. National Bank Financial increased their target price on AltaGas Canada from C$20.00 to C$25.00 and gave the stock a sector perform rating in a report on Friday, August 9th. CIBC increased their target price on AltaGas Canada from C$23.00 to C$31.00 in a report on Tuesday, July 23rd. Royal Bank of Canada increased their target price on AltaGas Canada from C$23.00 to C$32.00 and gave the stock an outperform rating in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. increased their target price on AltaGas Canada from C$19.00 to C$22.00 in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of C$26.57.

Shares of TSE ACI opened at C$25.90 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 104.23. The firm has a fifty day moving average price of C$25.52. AltaGas Canada has a one year low of C$14.06 and a one year high of C$27.60. The firm has a market cap of $805.50 million and a price-to-earnings ratio of 17.50.

AltaGas Canada (TSE:ACI) last released its earnings results on Thursday, August 8th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.01). The firm had revenue of C$61.30 million during the quarter, compared to the consensus estimate of C$61.65 million. As a group, research analysts expect that AltaGas Canada will post 1.5299999 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.04 annualized dividend and a dividend yield of 4.02%. AltaGas Canada’s dividend payout ratio is currently 43.88%.

AltaGas Canada Company Profile

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.

Featured Story: Trading Ex-Dividend

Analyst Recommendations for AltaGas Canada (TSE:ACI)

Receive News & Ratings for AltaGas Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AltaGas Canada and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit