AltaGas Canada (TSE:ACI) Trading Up 0.1%

Shares of AltaGas Canada Inc (TSE:ACI) were up 0.1% during trading on Tuesday . The company traded as high as C$33.46 and last traded at C$33.45, approximately 10,671 shares changed hands during mid-day trading. A decline of 86% from the average daily volume of 76,226 shares. The stock had previously closed at C$33.42.

A number of analysts have commented on ACI shares. TD Securities increased their price objective on shares of AltaGas Canada from C$19.50 to C$25.00 and gave the company a “hold” rating in a report on Monday, August 12th. JPMorgan Chase & Co. increased their price objective on shares of AltaGas Canada from C$23.00 to C$33.50 in a report on Tuesday, October 22nd. CIBC increased their price objective on shares of AltaGas Canada from C$31.00 to C$33.50 in a report on Tuesday, October 22nd. Royal Bank of Canada downgraded shares of AltaGas Canada from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$33.00 to C$33.50 in a report on Tuesday, October 22nd. Finally, National Bank Financial increased their price objective on shares of AltaGas Canada from C$20.00 to C$25.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$28.79.

The firm has a market cap of $1.00 billion and a P/E ratio of 21.44. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 107.34. The stock’s fifty day moving average price is C$29.71.

AltaGas Canada (TSE:ACI) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.08 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.03 by C$0.05. The business had revenue of C$45.20 million during the quarter, compared to analyst estimates of C$46.30 million. As a group, equities research analysts expect that AltaGas Canada Inc will post 1.52 EPS for the current fiscal year.

About AltaGas Canada (TSE:ACI)

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.

Further Reading: How is the LIBOR rate calculated?

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 MarketBeat.com's FREE daily email newsletter.