AltaGas Canada Inc (TSE:ACI) – Research analysts at Beacon Securities issued their FY2019 EPS estimates for AltaGas Canada in a research note issued on Monday, June 10th. Beacon Securities analyst L. Dunkley anticipates that the company will post earnings of $1.48 per share for the year. Beacon Securities has a “Buy” rating and a $27.00 price objective on the stock. Beacon Securities also issued estimates for AltaGas Canada’s FY2020 earnings at $1.56 EPS.
Separately, Industrial Alliance Securities upgraded AltaGas Canada from a “hold” rating to a “buy” rating and lifted their price target for the company from C$18.00 to C$24.00 in a research note on Monday, June 3rd.
AltaGas Canada (TSE:ACI) last posted 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).
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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