Altagas Ltd (TSE:ALA) – Equities research analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for Altagas in a research report issued to clients and investors on Wednesday. National Bank Financial analyst P. Kenny forecasts that the brokerage will earn $0.24 per share for the quarter.

Several other research firms have also weighed in on ALA. TD Securities increased their price objective on shares of Altagas from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Scotiabank increased their price objective on shares of Altagas from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. BMO Capital Markets increased their price objective on shares of Altagas from C$34.00 to C$35.00 in a research note on Thursday, July 7th. Raymond James Financial Inc. increased their price objective on shares of Altagas from C$30.00 to C$31.00 in a research note on Friday, July 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of Altagas from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$35.00.

Altagas (TSE:ALA) opened at 33.20 on Monday. The firm has a market capitalization of $5.44 billion and a P/E ratio of 131.75. Altagas has a 12 month low of $27.25 and a 12 month high of $35.00. The company’s 50 day moving average price is $33.51 and its 200 day moving average price is $32.09.

Altagas Company Profile

AltaGas Ltd. is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.

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