Based on the AltaGas Ltd stock forecast from 10 analysts, the average analyst target price for AltaGas Ltd is CAD 35.70 over the next 12 months. AltaGas Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of AltaGas Ltd is Neutral, which is based on 9 positive signals and 8 negative signals. At the last closing, AltaGas Ltd’s stock price was CAD 33.45. AltaGas Ltd’s stock price has changed by +4.04% over the past week, -5.03% over the past month and +22.04% over the last year.
No recent analyst target price found for AltaGas Ltd
No recent average analyst rating found for AltaGas Ltd
Company Overview AltaGas Ltd
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 1.6 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering, processing, and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 megawatt of power in California. It serves residential, commercial, and industrial customers. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada. Read Less
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 Marylan...Read More
Frequently Asked Questions About AltaGas Ltd (ALA:CA) Stock
Based on ratings from 10 analysts AltaGas Ltd's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 17 buy, sell and 5 hold ratings.
ALA:CA stock's dividend yield is 3.87%.
Our analysis grades ALA:CA stock's dividend yield at F. This means that ALA:CA stock's dividend yield is above 4% of the stocks in the Oil & Gas Midstream sector in the TSX exchange.
Based on this ALA:CA may be a poor dividend stock for its sector.
Based on targets from 10 analysts, the average taret price for ALA:CA is CAD 35.70 over the next 12 months. The maximum analyst target price is CAD 40 while the minimum anlayst target price is CAD 22.
ALA:CA stock's Price/Earning ratio is 19.62.
Our analysis grades ALA:CA stock's Price / Earning ratio at F. This means that ALA:CA stock's Price/Earning ratio is above 68% of the stocks in the Oil & Gas Midstream sector in the TSX exchange.
Based on this ALA:CA may be a overvalued for its sector.
The last closing price of ALA:CA's stock was CAD 33.45.
The most recent market capitalization for ALA:CA is CAD 9.70B.
Based on targets from 10 analysts, the average taret price for ALA:CA is projected at CAD 35.70 over the next 12 months.
This means that ALA:CA's stock price may go up by +6.71% over the next 12 months.
We can't find any ETFs which contains AltaGas Ltd's stock.
As per our most recent records AltaGas Ltd has 0 Employees.
AltaGas Ltd's registered address is 355 - 4th Avenue SW, Calgary, AB, Canada, T2P 0J1.
You can get more information about it from AltaGas Ltd's website at https://www.altagas.ca.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About AltaGas Ltd (ALA:CA) Stock
Based on ratings from 10 analysts AltaGas Ltd's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 17 buy, sell and 5 hold ratings.
ALA:CA stock's dividend yield is 3.87%.
Our analysis grades ALA:CA stock's dividend yield at F. This means that ALA:CA stock's dividend yield is above 4% of the stocks in the Oil & Gas Midstream sector in the TSX exchange.
Based on this ALA:CA may be a poor dividend stock for its sector.
Based on targets from 10 analysts, the average taret price for ALA:CA is CAD 35.70 over the next 12 months. The maximum analyst target price is CAD 40 while the minimum anlayst target price is CAD 22.
ALA:CA stock's Price/Earning ratio is 19.62.
Our analysis grades ALA:CA stock's Price / Earning ratio at F. This means that ALA:CA stock's Price/Earning ratio is above 68% of the stocks in the Oil & Gas Midstream sector in the TSX exchange.
Based on this ALA:CA may be a overvalued for its sector.
The last closing price of ALA:CA's stock was CAD 33.45.
The most recent market capitalization for ALA:CA is CAD 9.70B.
Based on targets from 10 analysts, the average taret price for ALA:CA is projected at CAD 35.70 over the next 12 months.
This means that ALA:CA's stock price may go up by +6.71% over the next 12 months.
We can't find any ETFs which contains AltaGas Ltd's stock.
As per our most recent records AltaGas Ltd has 0 Employees.
AltaGas Ltd's registered address is 355 - 4th Avenue SW, Calgary, AB, Canada, T2P 0J1.
You can get more information about it from AltaGas Ltd's website at https://www.altagas.ca.
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