AltaGas (ALA) Stock Forecast & Price Target

C$33.31

-0.09 (-0.27%)

(As of 09/27/2024 ET)

AltaGas - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 10 Analyst Ratings

Sell
0

Hold
0

Buy
10

Based on 10 Wall Street analysts who have issued ratings for AltaGas in the last 12 months, the stock has a consensus rating of "Buy." Out of the 10 analysts, 10 have given a buy rating for ALA.

Consensus Price Target

C$37.40
12.28% Upside

According to the 10 analysts' twelve-month price targets for AltaGas, the average price target is C$37.40. The highest price target for ALA is C$40.00, while the lowest price target for ALA is C$34.00. The average price target represents a forecasted upside of 12.28% from the current price of C$33.31.

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ALA Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$37.40	C$37.10	C$35.00	C$32.15
Forecasted Upside	12.28% Upside	9.93% Upside	13.23% Upside	23.43% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

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ALA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ALA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

AltaGas Stock vs. The Competition

Type	AltaGas	Energy Companies
Consensus Rating Score	3.00	2.77
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent ALA News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/24/2024	ATB Capital 4 of 5 stars	Set Target	Outperform	C$36.00	+8.27%
9/5/2024	BMO Capital Markets 4 of 5 stars	Boost Target		C$37.00 ➝ C$40.00	+17.13%
8/23/2024	National Bankshares 1 of 5 stars	Boost Target	Outperform	C$36.00 ➝ C$39.00	+15.25%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$36.00 ➝ C$38.00	+12.93%
8/2/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$35.00 ➝ C$37.00	+12.02%
8/2/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$34.00 ➝ C$37.00	+12.02%
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7/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$34.00 ➝ C$37.00	+12.87%
7/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$33.00 ➝ C$36.00	+15.20%
7/15/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$38.00 ➝ C$40.00	+29.16%
3/11/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$32.00 ➝ C$34.00	+16.28%
5/9/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$33.00 ➝ C$32.50	+36.44%
3/29/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$30.00 ➝ C$28.00	+26.81%
1/18/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Overweight	C$29.00	+19.49%
10/25/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral	C$32.50	+29.12%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:12 PM ET.

ALA Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for AltaGas is C$37.40, with a high forecast of C$40.00 and a low forecast of C$34.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALA shares.
: According to analysts, AltaGas's stock has a predicted upside of 12.28% based on their 12-month stock forecasts.
: AltaGas has been rated by research analysts at ATB Capital, BMO Capital Markets, CIBC, Jefferies Financial Group, JPMorgan Chase & Co., National Bankshares, Raymond James, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like AltaGas more than other "energy" companies. The consensus rating for AltaGas is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how ALA compares to other companies.

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This page (TSE:ALA) was last updated on 9/28/2024 by MarketBeat.com Staff

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