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AltaGas (ALA) Stock Forecast & Price Target

C$30.65
-0.11 (-0.36%)
(As of 05/22/2024 05:13 PM 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 8 Analyst Ratings

Consensus Price Target

C$34.33
12.02% Upside
High ForecastC$36.00
Average ForecastC$34.33
Low ForecastC$32.00
TypeCurrent Forecast
5/24/23 to 5/23/24
1 Month Ago
4/24/23 to 4/23/24
3 Months Ago
2/23/23 to 2/23/24
1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Buy
Buy
Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
8 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)
1 Sell rating(s)
Consensus Price TargetC$34.33C$33.75C$33.14C$31.89
Forecasted Upside12.02% Upside22.23% Upside24.89% Upside23.86% Upside
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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.
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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.
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AltaGas Stock vs. The Competition

TypeAltaGasEnergy Companies
Consensus Rating Score
3.00
2.65
Consensus RatingBuyModerate Buy
News Sentiment RatingNeutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/3/2024Scotiabank
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 Boost TargetOutperformC$33.00 ➝ C$35.00+15.97%
5/3/2024Royal Bank of Canada
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 Boost TargetOutperformC$32.00 ➝ C$34.00+12.66%
3/11/2024TD Securities
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 Boost TargetBuyC$32.00 ➝ C$34.00+16.28%
2/27/2024Jefferies Financial Group
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 Set TargetBuyC$34.00+20.31%
1/30/2024National Bankshares
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 Boost TargetOutperformC$31.00 ➝ C$33.00+16.53%
12/29/2023CIBC
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 Boost TargetOutperformC$34.00 ➝ C$36.00+30.53%
12/4/2023JPMorgan Chase & Co.
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 Lower TargetOverweightC$33.00 ➝ C$32.00+16.19%
9/8/2023BMO Capital Markets
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 Set TargetOutperformC$36.00+34.28%
9/1/2023ATB Capital
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 Boost TargetC$34.00 ➝ C$35.00+28.30%
5/9/2023CSFB
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 Lower TargetC$33.00 ➝ C$32.50+36.44%
3/29/2023Canaccord Genuity Group
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 Lower TargetC$30.00 ➝ C$28.00+26.81%
3/6/2023Raymond James
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 Lower TargetOutperformC$35.50 ➝ C$35.00+45.83%
1/18/2023Barclays
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 Set TargetOverweightC$29.00+19.49%
10/25/2022Credit Suisse Group
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 Reiterated RatingNeutralC$32.50+29.12%
7/22/2022Haywood Securities
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 Lower TargetUnderperformC$32.50+18.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:42 AM ET.

ALA Frequently Asked Questions

What is AltaGas's stock forecast and purchase recommendation?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for AltaGas is C$34.33, with a high forecast of C$36.00 and a low forecast of C$32.00. The consensus rating for AltaGas stock is Buy based on the current 8 buy ratings for ALA. Learn more on ALA's analyst rating history.

Do Wall Street analysts like AltaGas more than its competitors?

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.

Does AltaGas's stock price have much upside?

According to analysts, AltaGas's stock has a predicted upside of 20.72% based on their 12-month stock forecasts.

What analysts cover AltaGas?

AltaGas has been rated by research analysts at Jefferies Financial Group, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.


Stock Forecasts and Research Tools

This page (TSE:ALA) was last updated on 5/23/2024 by MarketBeat.com Staff

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