Raymond James analyst David Quezada reiterated a Buy rating on AltaGas (TSX:ALA) Ltd. on Friday, setting a price target of C$32, which is approximately 18.82% above the present share price of $20.89.
Quezada expects AltaGas Ltd . to post earnings per share (EPS) of $0.09 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in AltaGas, with an average price target of $24.38.
The analysts price targets range from a high of $26.37 to a low of $23.27.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $2.34 billion and a net profit of $133 million. The company's market cap is $5.85 billion.
According to TipRanks.com, Raymond James analyst David Quezada is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.9% and a 68.26% success rate.
AltaGas Ltd. engages in the generation and distribution of electricity. It operates through the following segments: Gas, Power and Utilities. The Gas segment business gathers, processes, transports, stores and markets natural gas and natural gas liquids. The Power segment consists of operating conventional and renewable power including wind, run-of-river hydro and biomass. The Utilities segment involves the ownership of regulated natural gas distribution and storage utilities. The company was founded by David Wallace Cornhill in 1993 and is headquartered in Calgary, Canada.