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AltaGas stock rose after strong Q4 results and upgraded price targets from major firms.
AltaGas (TSE:ALA) saw its stock rise C$1.16 to C$47.44 on Monday, with trading volume surging to 4.6 million shares.
Multiple firms, including ATB Cormark, Royal Bank of Canada, Scotiabank, and Jefferies, raised their price targets, with Scotiabank and ATB setting a C$52.00 target, and Jefferies projecting C$53.00, citing potential upside of up to 11.7%.
The company reported Q4 earnings of C$0.77 per share, revenue of C$3.29 billion, and a net margin of 6.15%.
Analysts expect full-year earnings of C$2.30 per share and maintain a consensus "Moderate Buy" rating with an average target of C$49.89.
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Las acciones de AltaGas subieron tras los buenos resultados del cuarto trimestre y los objetivos de precios mejorados de las principales empresas.