AltaGas Canada (TSE:ACI) PT Raised to C$31.00 at CIBC

AltaGas Canada (TSE:ACI) had its price target boosted by CIBC from C$23.00 to C$31.00 in a research report report published on Tuesday, BayStreet.CA reports.

ACI has been the subject of a number of other reports. Royal Bank of Canada cut their price target on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating for the company in a report on Thursday, June 20th. Industrial Alliance Securities raised AltaGas Canada from a hold rating to a buy rating and boosted their price target for the stock from C$18.00 to C$24.00 in a report on Monday, June 3rd. Beacon Securities reissued a buy rating and issued a C$27.00 price target on shares of AltaGas Canada in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. cut News from a neutral rating to an underweight rating in a report on Thursday, July 18th.

ACI opened at C$26.09 on Tuesday. The business’s fifty day moving average price is C$24.40. The company has a debt-to-equity ratio of 103.88, a quick ratio of 0.91 and a current ratio of 1.05. The stock has a market capitalization of $759.30 million and a P/E ratio of 17.66. AltaGas Canada has a one year low of C$14.06 and a one year high of C$27.36.

AltaGas Canada (TSE:ACI) last released its quarterly 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). Equities analysts anticipate that AltaGas Canada will post 1.5399998 EPS for the current fiscal year.

About AltaGas Canada

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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