TSE:ALA - AltaGas Ltd. (ALA.TO) Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$21.21
  • Forecasted Upside: 12.99 %
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
C$18.77
▲ +0.5 (2.74%)
1 month | 3 months | 12 months
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Analyst Price Target for ALA

i We calculate 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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our 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. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
C$21.21
▲ +12.99% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for AltaGas Ltd. (ALA.TO) in the last 3 months. The average price target is C$21.21, with a high forecast of C$23.00 and a low forecast of C$20.00. The average price target represents a 12.99% upside from the last price of C$18.77.
Buy
The current consensus among 9 investment analysts is to buy stock in AltaGas Ltd. (ALA.TO). This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/3/2019
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/1/2019
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
11/30/2019
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
2/28/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/28/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
8/26/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/25/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
11/24/2020

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetDetails
10/30/2020Raymond JamesSet Price TargetOutperformC$22.50
i
10/30/2020CormarkBoost Price TargetC$19.00 ➝ C$22.00
i
10/25/2020National Bank FinancialBoost Price TargetOutperformC$20.00 ➝ C$21.00
i
10/22/2020Canaccord GenuityBoost Price TargetC$21.00 ➝ C$22.00
i
10/19/2020Credit Suisse GroupUpgradeNeutral ➝ OutperformC$18.00 ➝ C$20.00
i
10/19/2020TD SecuritiesBoost Price TargetBuyC$19.00 ➝ C$20.00
i
10/19/2020Raymond JamesBoost Price TargetOutperformC$22.00 ➝ C$22.50
i
10/19/2020CormarkBoost Price TargetC$18.00 ➝ C$19.00
i
10/19/2020BMO Capital MarketsBoost Price TargetC$21.00 ➝ C$23.00
i
10/19/2020CIBCBoost Price TargetC$20.00 ➝ C$21.00
i
10/19/2020CSFBUpgradeNeutral ➝ OutperformC$18.00 ➝ C$20.00
i
10/19/2020National Bank FinancialBoost Price TargetOutperformC$20.00 ➝ C$21.00
i
10/14/2020Credit Suisse GroupReiterated RatingNeutralC$18.00
i
10/14/2020CSFBSet Price TargetNeutralC$18.00
i
8/21/2020Canaccord GenuityBoost Price TargetC$20.00 ➝ C$21.00
i
8/4/2020Raymond JamesSet Price TargetOutperformC$22.00
i
7/31/2020Beacon SecuritiesReiterated RatingBuy
i
Rating by L. Dunkley at Beacon Securities
7/31/2020National Bank FinancialBoost Price TargetOutperformC$19.00 ➝ C$20.00
i
Rating by P. Kenny at National Bank Financial
7/29/2020Credit Suisse GroupBoost Price TargetC$17.00 ➝ C$18.00
i
7/29/2020Raymond JamesSet Price TargetOutperformC$22.00
i
7/29/2020CSFBBoost Price TargetC$17.00 ➝ C$18.00
i
7/27/2020Canaccord GenuityBoost Price TargetC$19.00 ➝ C$20.00
i
7/9/2020Raymond JamesUpgradeMarket Perform ➝ OutperformC$21.00 ➝ C$22.00
i
6/18/2020CIBCBoost Price TargetC$19.00 ➝ C$20.00
i
6/17/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$19.00 ➝ C$21.00
i
6/2/2020Canaccord GenuityBoost Price TargetC$18.00 ➝ C$19.00
i
5/1/2020Raymond JamesSet Price TargetMarket PerformC$21.00
i
5/1/2020TD SecuritiesBoost Price TargetBuyC$18.00 ➝ C$19.00
i
5/1/2020National Bank FinancialBoost Price TargetOutperformC$17.00 ➝ C$19.00
i
Rating by P. Kenny at National Bank Financial
5/1/2020Royal Bank of CanadaBoost Price TargetSector PerformC$13.00 ➝ C$19.00
i
4/27/2020Canaccord GenuityBoost Price TargetC$16.00 ➝ C$18.00
i
4/16/2020Credit Suisse GroupReiterated RatingNeutralC$17.00
i
4/16/2020CSFBSet Price TargetNeutralC$17.00
i
4/15/2020ScotiabankDowngradeOutperform ➝ Sector PerformC$22.00 ➝ C$20.00
i
3/23/2020National Bank FinancialLower Price TargetOutperformC$26.00 ➝ C$17.00
i
Rating by P. Kenny at National Bank Financial
3/20/2020Canaccord GenuityLower Price TargetC$23.00 ➝ C$16.00
i
3/18/2020CIBCLower Price TargetC$23.00 ➝ C$19.00
i
3/3/2020Raymond JamesReiterated RatingMarket PerformC$21.00
i
3/2/2020National Bank FinancialBoost Price TargetOutperformC$25.00 ➝ C$26.00
i
Rating by P. Kenny at National Bank Financial
3/2/2020TD SecuritiesBoost Price TargetC$23.00 ➝ C$24.00
i
2/18/2020Canaccord GenuityReiterated RatingHoldC$23.00
i
2/7/2020ScotiabankBoost Price TargetC$21.00 ➝ C$22.00
i
1/29/2020National Bank FinancialUpgradeSector Perform ➝ OutperformC$22.00 ➝ C$25.00
i
Rating by P. Kenny at National Bank Financial
1/15/2020CIBCBoost Price TargetC$22.00 ➝ C$23.00
i
12/18/2019National Bank FinancialBoost Price TargetSector PerformC$21.00 ➝ C$22.00
i
12/18/2019CIBCBoost Price TargetC$21.00 ➝ C$22.00
i
12/18/2019JPMorgan Chase & Co.Boost Price TargetC$21.00 ➝ C$22.00
i
11/19/2019BMO Capital MarketsReiterated RatingOutperformC$23.00
i
10/31/2019Raymond JamesReiterated RatingMarket PerformC$19.00
i
10/31/2019CIBCUpgradeNeutral ➝ Outperform
i
10/31/2019National Bank FinancialBoost Price TargetSector PerformC$20.00 ➝ C$21.00
i
10/22/2019JPMorgan Chase & Co.Boost Price TargetC$19.00 ➝ C$22.00
i
9/9/2019BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$21.00 ➝ C$22.00
i
8/30/2019JPMorgan Chase & Co.Boost Price TargetC$18.00 ➝ C$19.00
i
8/2/2019TD SecuritiesBoost Price TargetBuyC$22.00 ➝ C$23.00
i
7/23/2019Raymond JamesReiterated RatingMarket PerformC$19.00
i
7/23/2019Royal Bank of CanadaBoost Price TargetSector PerformC$20.00 ➝ C$22.00
i
7/23/2019CIBCBoost Price TargetC$20.00 ➝ C$21.00
i
7/23/2019National Bank FinancialBoost Price TargetSector PerformC$19.00 ➝ C$20.00
i
6/27/2019Industrial Alliance SecuritiesBoost Price TargetBuyC$21.50 ➝ C$23.00
i
6/26/2019BMO Capital MarketsBoost Price TargetC$18.00 ➝ C$21.00
i
5/3/2019Raymond JamesReiterated RatingMarket PerformC$19.00
i
5/3/2019CormarkReiterated RatingMarket Perform
i
5/3/2019JPMorgan Chase & Co.Boost Price TargetNeutralC$16.00 ➝ C$18.00
i
5/3/2019National Bank FinancialBoost Price TargetSector PerformC$18.00 ➝ C$19.00
i
4/13/2019BMO Capital MarketsBoost Price TargetC$17.00 ➝ C$18.00
i
3/19/2019JPMorgan Chase & Co.Boost Price TargetC$14.00 ➝ C$16.00
i
3/1/2019Raymond JamesReiterated RatingMarket PerformC$19.00
i
3/1/2019DesjardinsBoost Price TargetC$16.00 ➝ C$19.00
i
3/1/2019National Bank FinancialBoost Price TargetSector PerformC$16.00 ➝ C$17.00
i
2/12/2019CormarkUpgradeMarket Perform ➝ BuyC$24.00 ➝ C$20.00
i
1/9/2019Raymond JamesLower Price TargetC$24.00 ➝ C$22.00
i
12/19/2018JPMorgan Chase & Co.Reiterated RatingNeutralC$14.00
i
12/17/2018DesjardinsReiterated RatingBuyC$18.00
i
12/14/2018Raymond JamesReiterated RatingMarket PerformC$19.00
i
12/14/2018BMO Capital MarketsLower Price TargetMarket PerformC$20.00 ➝ C$17.00
i
12/14/2018CIBCLower Price TargetC$24.00 ➝ C$20.00
i
12/14/2018National Bank FinancialLower Price TargetSector PerformC$18.00 ➝ C$17.00
i
11/13/2018National Bank FinancialReiterated RatingSector PerformC$15.50
i
11/13/2018TD SecuritiesReiterated RatingBuyC$16.50
i
11/1/2018TD SecuritiesLower Price TargetBuyC$25.00 ➝ C$22.00
i
10/31/2018Royal Bank of CanadaLower Price TargetSector PerformC$28.00 ➝ C$20.00
i
10/31/2018DesjardinsUpgradeHold ➝ BuyC$26.00 ➝ C$24.00
i
10/31/2018National Bank FinancialLower Price TargetSector PerformC$26.00 ➝ C$18.00
i
10/31/2018BMO Capital MarketsLower Price TargetMarket PerformC$23.00 ➝ C$20.00
i
10/31/2018Raymond JamesLower Price TargetUnderperformC$22.00 ➝ C$19.00
i
10/29/2018Industrial Alliance SecuritiesLower Price TargetC$28.50 ➝ C$27.00
i
10/26/2018CIBCDowngradeOutperform ➝ NeutralC$30.00 ➝ C$24.00
i
10/26/2018TD SecuritiesLower Price TargetBuyC$32.00 ➝ C$25.00
i
10/5/2018Raymond JamesLower Price TargetC$24.00 ➝ C$22.00
i
9/17/2018BMO Capital MarketsLower Price TargetC$26.00 ➝ C$23.00
i
9/17/2018Industrial Alliance SecuritiesLower Price TargetC$29.50 ➝ C$28.50
i
9/14/2018Canaccord GenuityLower Price TargetC$26.00 ➝ C$24.00
i
9/14/2018National Bank FinancialLower Price TargetSector PerformC$28.00 ➝ C$26.00
i
9/11/2018BMO Capital MarketsLower Price TargetC$27.00 ➝ C$26.00
i
9/11/2018CIBCLower Price TargetC$32.00 ➝ C$30.00
i
8/2/2018National Bank FinancialLower Price TargetSector PerformC$29.00 ➝ C$28.00
i
Rating by P. Kenny at National Bank Financial
8/2/2018Industrial Alliance SecuritiesLower Price TargetC$30.00 ➝ C$29.50
i
7/10/2018TD SecuritiesLower Price TargetBuyC$37.00 ➝ C$32.00
i
7/5/2018Raymond JamesBoost Price TargetC$23.00 ➝ C$24.00
i
6/29/2018CIBCUpgradeNeutral ➝ Outperform
i
6/14/2018CIBCBoost Price TargetC$31.00 ➝ C$32.00
i
6/14/2018National Bank FinancialBoost Price TargetSector PerformC$28.00 ➝ C$29.00
i
Rating by P. Kenny at National Bank Financial
5/22/2018Raymond JamesLower Price TargetC$25.00 ➝ C$23.00
i
4/27/2018CIBCLower Price TargetC$32.00 ➝ C$31.00
i
4/24/2018Raymond JamesDowngradeMarket Perform ➝ Underperform
i
3/2/2018ScotiabankLower Price TargetOutperformC$33.00 ➝ C$31.00
i
3/2/2018National Bank FinancialLower Price TargetSector PerformC$32.00 ➝ C$28.00
i
Rating by P. Kenny at National Bank Financial
3/2/2018BMO Capital MarketsLower Price TargetC$30.00 ➝ C$26.00
i
3/2/2018Canaccord GenuityLower Price TargetC$28.00 ➝ C$26.00
i
3/2/2018CIBCDowngradeOutperform ➝ NeutralC$35.00 ➝ C$32.00
i
3/2/2018Royal Bank of CanadaLower Price TargetSector PerformC$33.00 ➝ C$28.00
i
2/14/2018Canaccord GenuityLower Price TargetC$31.00 ➝ C$28.00
i
2/6/2018BMO Capital MarketsLower Price TargetC$32.00 ➝ C$30.00
i
1/28/2018National Bank FinancialDowngradeOutperform Overweight ➝ Sector Perform Overweight
i
Rating by P. Kenny at National Bank Financial
10/23/2017Raymond JamesLower Price TargetMarket PerformC$32.00 ➝ C$30.00
i
10/20/2017ScotiabankLower Price TargetOutperformC$36.00 ➝ C$34.00
i
10/20/2017CIBCLower Price TargetC$38.00 ➝ C$35.00
i
10/20/2017BMO Capital MarketsReiterated RatingMarket PerformC$32.00
i
9/21/2017Beacon SecuritiesReiterated RatingBuy
i
Rating by L. Dunkley at Beacon Securities
7/28/2017BMO Capital MarketsSet Price TargetMarket PerformC$32.00
i
7/28/2017Royal Bank of CanadaLower Price TargetSector PerformC$35.00 ➝ C$33.00
i
7/25/2017Canaccord GenuityLower Price TargetHoldC$33.00 ➝ C$31.00
i
4/27/2017ScotiabankReiterated RatingOutperformC$36.00
i
4/27/2017Raymond JamesReiterated RatingMarket PerformC$32.00
i
3/20/2017Royal Bank of CanadaReiterated RatingSector PerformC$35.00
i
2/24/2017ScotiabankReiterated RatingOutperformC$36.00
i
2/10/2017MacquarieUpgradeNeutral ➝ Outperform
i
2/6/2017ScotiabankUpgradeSector Perform ➝ OutperformC$35.00 ➝ C$36.00
i
2/6/2017CIBCBoost Price TargetC$37.00 ➝ C$39.00
i
2/6/2017National Bank FinancialReiterated RatingOutperformC$38.00
i
2/6/2017Canaccord GenuityLower Price TargetHoldC$35.00 ➝ C$33.00
i
2/6/2017Royal Bank of CanadaReiterated RatingSector PerformC$35.00
i
2/3/2017AltaCorp CapitalReiterated RatingSector Perform
i
Rating by D. Lever at AltaCorp Capital
2/3/2017Raymond JamesLower Price TargetMarket PerformC$34.00 ➝ C$33.00
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1/25/2017National Bank FinancialBoost Price TargetC$37.00 ➝ C$38.00
i
1/24/2017ScotiabankReiterated RatingSector PerformC$35.00
i
1/24/2017Raymond JamesReiterated RatingMarket PerformC$34.00
i
1/13/2017ScotiabankReiterated RatingSector PerformC$35.00
i
1/4/2017CIBCUpgradeNeutral ➝ OutperformC$35.00 ➝ C$37.00
i
1/4/2017ScotiabankBoost Price TargetSector PerformC$34.00 ➝ C$35.00
i
1/4/2017TD SecuritiesBoost Price TargetBuyC$36.00 ➝ C$37.00
i
1/4/2017Raymond JamesSet Price TargetMarket PerformC$34.00
i
1/4/2017Royal Bank of CanadaSet Price TargetSector PerformC$35.00
i
12/23/2016ScotiabankReiterated RatingSector PerformC$34.00
i
10/21/2016DesjardinsUpgradeHold ➝ BuyC$34.00 ➝ C$38.00
i
Rating by J. Bouchard at Desjardins
10/21/2016GMP SecuritiesDowngradeBuy ➝ Hold
i
10/21/2016National Bank FinancialBoost Price TargetSector PerformC$36.00 ➝ C$37.00
i
10/21/2016Royal Bank of CanadaBoost Price TargetSector PerformC$34.00 ➝ C$35.00
i
10/21/2016TD SecuritiesBoost Price TargetBuyC$37.00 ➝ C$38.00
i
10/21/2016ScotiabankBoost Price TargetSector PerformC$33.00 ➝ C$34.00
i
10/21/2016CIBCBoost Price TargetC$34.00 ➝ C$35.00
i
10/12/2016Raymond JamesBoost Price TargetC$31.00 ➝ C$32.00
i
7/25/2016TD SecuritiesBoost Price TargetBuyC$35.00 ➝ C$37.00
i
7/24/2016National Bank FinancialBoost Price TargetC$35.00 ➝ C$36.00
i
7/22/2016ScotiabankBoost Price TargetSector PerformC$32.00 ➝ C$33.00
i
7/22/2016Raymond JamesBoost Price TargetC$30.00 ➝ C$31.00
i
7/22/2016Royal Bank of CanadaBoost Price TargetSector PerformC$33.00 ➝ C$34.00
i
7/18/2016National Bank FinancialBoost Price TargetC$34.00 ➝ C$35.00
i
7/12/2016FirstEnergy CapitalReiterated RatingOutperform
i
Rating by S. Paget at FirstEnergy Capital
7/7/2016BMO Capital MarketsBoost Price TargetC$34.00 ➝ C$35.00
i
6/28/2016TD SecuritiesReiterated RatingBuyC$35.00
i
6/7/2016Raymond JamesLower Price TargetC$35.00 ➝ C$33.00
i
6/7/2016National Bank FinancialReiterated RatingSector PerformC$34.00
i
6/7/2016CIBCReiterated RatingSector PerformC$34.00
i
6/7/2016Royal Bank of CanadaReiterated RatingSector PerformC$33.00
i
6/6/2016DesjardinsReiterated RatingHold
i
Rating by J. Bouchard at Desjardins
4/26/2016DesjardinsInitiated CoverageHoldC$34.00
i
4/22/2016Raymond JamesLower Price TargetC$36.00 ➝ C$35.00
i
4/21/2016Royal Bank of CanadaReiterated RatingSector PerformC$36.00 ➝ C$33.00
i
4/15/2016BMO Capital MarketsBoost Price TargetC$32.00 ➝ C$33.00
i
3/17/2016CIBCInitiated CoverageSector PerformC$35.00
i
3/1/2016Royal Bank of CanadaLower Price TargetSector PerformC$37.00 ➝ C$36.00
i
2/26/2016TD SecuritiesLower Price TargetBuyC$36.00 ➝ C$35.00
i
2/26/2016National Bank FinancialLower Price TargetSector PerformC$36.00 ➝ C$35.00
i
1/25/2016National Bank FinancialDowngradeOutperform ➝ Sector PerformC$44.00 ➝ C$36.00
i
Rating by P. Kenny at National Bank Financial
1/12/2016BMO Capital MarketsLower Price TargetC$36.50 ➝ C$33.00
i
1/12/2016Raymond JamesLower Price TargetC$38.00 ➝ C$36.00
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11/30/2015FirstEnergy CapitalLower Price TargetOverweightC$40.00 ➝ C$36.00
i
(Data available from 11/25/2015 forward)
AltaGas Ltd. (ALA.TO) logo
AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through three segments: Utilities, Midstream, and Power. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and two regulated natural gas storage utilities in the United States serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. It serves homes and businesses. The Midstream segment engages in the natural gas gathering and processing; natural gas liquids (NGL) extraction and fractionation, transmission, and storage; natural gas and NGL marketing; and gas retail marketing activities. This segment owns approximately 1.4 billion cubic feet per day (Bcf/d) of natural gas extraction processing capacity and holds interests in regulated pipelines in the Marcellus/Utica gas formation in the northeastern United States. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. The Power segment is involved in the generation and sale of electricity; and provision of energy storage and retail power marketing, and ancillary services in Alberta, California, and Colorado. It has 710 megawatt of operational gross capacity from natural gas-fired, biomass, solar, and distributed energy. This segment serves residential, commercial, and industrial users. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.
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Today's Range

Now: C$18.77
C$18.43
C$18.91

50 Day Range

MA: C$17.19
C$16.12
C$18.35

52 Week Range

Now: C$18.77
C$8.71
C$22.74

Volume

939,735 shs

Average Volume

1,185,820 shs

Market Capitalization

C$5.24 billion

P/E Ratio

15.77

Dividend Yield

5.23%

Beta

N/A