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AltaGas ( (TSE:ALA) ) has provided an update.
AltaGas Ltd. has successfully closed a $500 million issuance of senior unsecured medium-term notes with a 3.025 percent coupon rate, maturing in 2027. The proceeds will be used to repay existing debts, fund working capital, and support general corporate purposes, potentially strengthening AltaGas’s financial position and operational flexibility.
The most recent analyst rating on (TSE:ALA) stock is a Buy with a C$48.00 price target. To see the full list of analyst forecasts on AltaGas stock, see the TSE:ALA Stock Forecast page.
Spark’s Take on TSE:ALA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALA is a Neutral.
AltaGas’s overall stock score is driven by a positive earnings call and fair valuation, which are offset by mixed financial performance and bearish technical indicators. The company’s strategic investments and growth projects provide a positive outlook, but challenges in revenue and cash flow need to be addressed to improve financial health.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The company operates a diversified, lower-risk, high-growth Utilities and Midstream business focused on delivering resilient and durable value for its stakeholders.
YTD Price Performance: 30.12%
Average Trading Volume: 849,925
Technical Sentiment Signal: Buy
Current Market Cap: C$12.72B
Find detailed analytics on ALA stock on TipRanks’ Stock Analysis page.