Altagas Stock Buy Hold or Sell Recommendation
| ALA Stock | CAD 34.08 0.09 0.26% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding AltaGas is 'Strong Sell'. The recommendation algorithm takes into account all of AltaGas' available fundamental, technical, and predictive indicators you will find on this site.
Check out AltaGas Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as AltaGas and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards AltaGas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
AltaGas |
Execute AltaGas Buy or Sell Advice
The AltaGas recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on AltaGas. Macroaxis does not own or have any residual interests in AltaGas or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute AltaGas' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
AltaGas Trading Alerts and Improvement Suggestions
| AltaGas has accumulated 9.88 B in total debt with debt to equity ratio (D/E) of 0.94, which is about average as compared to similar companies. AltaGas has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist AltaGas until it has trouble settling it off, either with new capital or with free cash flow. So, AltaGas' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AltaGas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AltaGas to invest in growth at high rates of return. When we think about AltaGas' use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: ALTAGAS ANNOUNCES PRICING OF CASH TENDER OFFERS FOR CERTAIN DEBT SECURITIES - Barchart |
AltaGas Returns Distribution Density
The distribution of AltaGas' historical returns is an attempt to chart the uncertainty of AltaGas' future price movements. The chart of the probability distribution of AltaGas daily returns describes the distribution of returns around its average expected value. We use AltaGas price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of AltaGas returns is essential to provide solid investment advice for AltaGas.
| Mean Return | 0.02 | Value At Risk | -2.06 | Potential Upside | 1.74 | Standard Deviation | 1.24 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of AltaGas historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
AltaGas Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Free Cash Flow | (719M) | (70M) | (76M) | (419M) | 178M | 186.9M | |
| Depreciation | 438M | 414M | 422M | 439M | 441M | 463.1M | |
| Other Non Cash Items | (343.9M) | (142M) | 332M | 54M | (274M) | (260.3M) | |
| Capital Expenditures | 1.3B | 843M | 814M | 958M | 943M | 484.5M | |
| Net Income | 840.3M | 572M | 340M | 573M | 673M | 706.7M | |
| Change To Inventory | (2.1M) | 32M | (232M) | (324M) | 242M | 254.1M | |
| Dividends Paid | 334.2M | 334M | 356M | 338M | 343M | 232.7M | |
| Change In Cash | (78.7M) | (48M) | 10M | (20M) | 40M | 42M | |
| End Period Cash Flow | 122.4M | 74M | 84M | 64M | 104M | 81.7M | |
| Investments | 2.2B | (1.2B) | (8M) | (997M) | (199M) | (209.0M) | |
| Net Borrowings | (2.6B) | 940M | 128M | 1.3B | 1.6B | 1.6B | |
| Change To Netincome | (444M) | (7M) | 419M | 201M | 231.2M | 128.6M |
AltaGas Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to AltaGas or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that AltaGas' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a AltaGas stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 1.24 | |
Ir | Information ratio | -0.08 |
AltaGas Volatility Alert
AltaGas has relatively low volatility with skewness of -1.4 and kurtosis of 3.72. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure AltaGas' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact AltaGas' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.AltaGas Fundamentals Vs Peers
Comparing AltaGas' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze AltaGas' direct or indirect competition across all of the common fundamentals between AltaGas and the related equities. This way, we can detect undervalued stocks with similar characteristics as AltaGas or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of AltaGas' fundamental indicators could also be used in its relative valuation, which is a method of valuing AltaGas by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare AltaGas to competition |
| Fundamentals | AltaGas | Peer Average |
| Return On Equity | 0.0653 | -0.31 |
| Return On Asset | 0.0289 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.04 % | (5.51) % |
| Current Valuation | 20.62 B | 16.62 B |
| Shares Outstanding | 297.79 M | 571.82 M |
| Shares Owned By Insiders | 0.58 % | 10.09 % |
| Shares Owned By Institutions | 35.07 % | 39.21 % |
| Number Of Shares Shorted | 3.15 M | 4.71 M |
| Price To Earning | 14.61 X | 28.72 X |
| Price To Book | 1.33 X | 9.51 X |
| Price To Sales | 0.81 X | 11.42 X |
| Revenue | 13 B | 9.43 B |
| Gross Profit | 2.95 B | 27.38 B |
| EBITDA | 1.7 B | 3.9 B |
| Net Income | 673 M | 570.98 M |
| Cash And Equivalents | 53 M | 2.7 B |
| Cash Per Share | 0.10 X | 5.01 X |
| Total Debt | 9.88 B | 5.32 B |
| Debt To Equity | 0.94 % | 48.70 % |
| Current Ratio | 0.76 X | 2.16 X |
| Book Value Per Share | 25.63 X | 1.93 K |
| Cash Flow From Operations | 1.12 B | 971.22 M |
| Short Ratio | 4.41 X | 4.00 X |
| Earnings Per Share | 1.66 X | 3.12 X |
| Price To Earnings To Growth | 1.92 X | 4.89 X |
| Target Price | 38.2 | |
| Beta | 1.23 | -0.15 |
| Market Capitalization | 10.15 B | 19.03 B |
| Total Asset | 23.47 B | 29.47 B |
| Retained Earnings | (817 M) | 9.33 B |
| Working Capital | (368 M) | 1.48 B |
| Current Asset | 1.04 B | 9.34 B |
AltaGas Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as AltaGas . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About AltaGas Buy or Sell Advice
When is the right time to buy or sell AltaGas? Buying financial instruments such as AltaGas Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having AltaGas in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Online Gaming Thematic Idea Now
Online Gaming
Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Online Gaming Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in AltaGas Stock
AltaGas financial ratios help investors to determine whether AltaGas Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AltaGas with respect to the benefits of owning AltaGas security.