Based on the AltaGas Ltd stock forecast from 9 analysts, the average analyst target price for AltaGas Ltd is CAD 31.02 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 Slightly Bullish , which is based on 10 positive signals and 8 negative signals. At the last closing, AltaGas Ltd’s stock price was CAD 26.05. AltaGas Ltd’s stock price has changed by -3.59% over the past week, -4.33% over the past month and -1.51% 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 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering 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; natural gas gathering and extraction business; 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 MW of power in California. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is based in Calgary, Canada. Address: 355 - 4th Avenue SW, Calgary, AB, Canada, T2P 0J1 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 9 analysts AltaGas Ltd's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 20 buy, sell and 3 hold ratings.
ALA:CA stock's dividend yield is 4.13%.
Our analysis grades ALA:CA stock's dividend yield at F. This means that ALA:CA stock's dividend yield
is above 6% 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 9 analysts, the average taret price for ALA:CA is CAD 31.02 over the next 12 months. The maximum analyst target price is CAD 36 while the minimum anlayst target price is CAD 19.
ALA:CA stock's Price/Earning ratio is 12.83.
Our analysis grades ALA:CA stock's Price / Earning ratio at F. This means that ALA:CA stock's Price/Earning ratio is above 63% 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 26.05.
The most recent market capitalization for ALA:CA is CAD 7.34B.
Based on targets from 9 analysts, the average taret price for ALA:CA is projected at CAD 31.02 over the next 12 months.
This means that ALA:CA's stock price may go up by +19.09% over the next 12 months.
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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 total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
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.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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.
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