Equities Analysts Set Expectations for AltaGas Canada Inc’s FY2019 Earnings (TSE:ACI)

Equities Analysts Set Expectations for AltaGas Canada Inc’s FY2019 Earnings (TSE:ACI)

AltaGas Canada Inc (TSE:ACI) – Research analysts at Beacon Securities issued their FY2019 earnings estimates for AltaGas Canada in a research note issued to investors on Monday, June 10th, according to Zacks Investment Research. Beacon Securities analyst L. Dunkley forecasts that the company will earn $1.48 per share for the year. Beacon Securities currently has a “Buy” rating and a $27.00 target price on the stock. Beacon Securities also issued estimates for AltaGas Canada’s FY2020 earnings at $1.56 EPS.

Other analysts have also issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of AltaGas Canada from C$23.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Industrial Alliance Securities upgraded shares of AltaGas Canada from a “hold” rating to a “buy” rating and raised their price objective for the company from C$18.00 to C$24.00 in a report on Monday, June 3rd.

Shares of TSE ACI traded up C$0.17 during trading on Wednesday, reaching C$25.17. The company had a trading volume of 41,119 shares, compared to its average volume of 57,773. AltaGas Canada has a 52 week low of C$14.06 and a 52 week high of C$25.39. The stock has a market cap of $724.50 million and a PE ratio of 17.04. The company has a current ratio of 1.05, a quick ratio of 0.91 and a debt-to-equity ratio of 103.88. The business’s 50 day moving average is C$22.70.
AltaGas Canada (TSE:ACI) last announced its earnings results on Wednesday, May 8th. The company reported C$0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.69 by C($0.05).

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.

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