What is Algoma Central's stock price target for 2024?

0 analysts have issued 1-year target prices for Algoma Central's shares. Their ALC share price targets range from C$20.50 to C$20.50. On average, they anticipate the company's stock price to reach C$20.50 in the next year. This suggests a possible upside of 39.0% from the stock's current price. View analysts price targets for ALC or view top-rated stocks among Wall Street analysts .

How have ALC shares performed in 2024?

Algoma Central's stock was trading at C$14.95 on January 1st, 2024. Since then, ALC stock has decreased by 1.3% and is now trading at C$14.75. View the best growth stocks for 2024 here .

When is Algoma Central's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our ALC earnings forecast .

How were Algoma Central's earnings last quarter?

Algoma Central Co. (TSE:ALC) released its quarterly earnings data on Monday, February, 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.23. The firm had revenue of $201.32 million for the quarter, compared to analyst estimates of $186.60 million. Algoma Central had a net margin of 11.49% and a trailing twelve-month return on equity of 11.02%.

How often does Algoma Central pay dividends? What is the dividend yield for Algoma Central?

Algoma Central announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 1st will be given a dividend of 0.19 per share on Friday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from the stock's previous quarterly dividend of C$0.18. Read our dividend analysis for ALC .

Is Algoma Central a good dividend stock?

Algoma Central (TSE:ALC) pays an annual dividend of C$0.76 per share and currently has a dividend yield of 5.08%. ALC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.00%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for ALC .

What other stocks do shareholders of Algoma Central own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Algoma Central investors own include Air Canada (AC) , BCE (BCE) , Chorus Aviation (CHR) , Extendicare (EXE) , Aurora Cannabis (ACB) , Algonquin Power & Utilities (AQN) , Brookfield Infrastructure Partners (BIP.UN) , Chemtrade Logistics Income Fund (CHE.UN) , Crombie Real Estate Investment Trust (CRR.UN) and Cominar REIT (CUF.UN) .

How do I buy shares of Algoma Central?

Shares of ALC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:ALC

Algoma Central (ALC) Stock Price, News & Analysis

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Free ALC Stock Alerts

C$14.75

-0.20 (-1.34%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$14.75
▼
C$14.95
50-Day Range: C$14.71
▼
C$15.25
52-Week Range: C$14.14
▼
C$15.88

Volume: 5,800 shs
Average Volume: 12,803 shs
Market Capitalization: C$570.09 million

P/E Ratio: 7.38
Dividend Yield: 5.15%
Price Target: C$20.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

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Algoma Central MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 39.0% Upside
C$20.50 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.17 out of 5 stars

2.0

Analyst's Opinion

Amount of Analyst Coverage
Algoma Central has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ALC.

2.5

Dividend Strength

Dividend Leadership
Algoma Central is a leading dividend payer. It pays a dividend yield of 5.08%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Algoma Central does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Algoma Central is 38.00%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALC.

0.0

News and Social Media Coverage

Search Interest
Only 16 people have searched for ALC on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Algoma Central insiders have not sold or bought any company stock.
Percentage Held by Insiders
56.05% of the stock of Algoma Central is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 16.96% of the stock of Algoma Central is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Algoma Central is 7.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Algoma Central is 7.38, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 401.41.
Price to Book Value per Share Ratio
Algoma Central has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Algoma Central Stock (TSE:ALC)

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors. It also provides transportation services for liquid petroleum products throughout the Great Lakes, St. Lawrence Seaway, and Atlantic Canada regions. In addition, the company operates ocean self-unloading vessels; three global fleets, including fleet of specialized cement carriers, short sea mini bulkers, and hand-size bulkers; and provides specialized equipment or services on niche marine transportation markets. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was incorporated in 1899 and is headquartered in Saint Catharines, Canada.

ALC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALC Stock News Headlines

March 19, 2024 | ca.finance.yahoo.com

Stocks in play: Algoma Central Corporation

March 12, 2024 | finance.yahoo.com

Algoma Central Corp (ACH.DU)

April 16, 2024 | InvestorPlace (Ad)

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March 6, 2024 | wsj.com

Algoma Central Corp.

February 28, 2024 | finance.yahoo.com

Algoma Central Full Year 2023 Earnings: EPS: CA$2.15 (vs CA$3.17 in FY 2022)

February 18, 2024 | seekingalpha.com

ALC:CA Algoma Central Corporation

January 18, 2024 | finance.yahoo.com

Algoma Central Corporation continues to grow product tanker business with the acquisition of two additional vessels

December 29, 2023 | theglobeandmail.com

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November 23, 2023 | finance.yahoo.com

Algoma Central Corporation Named One of Hamilton-Niagara’s Top Employers for the Second Year in a Row

November 11, 2023 | morningstar.com

Algoma Central Corp ALC

November 6, 2023 | msn.com

Algoma Central GAAP EPS of C$0.85, revenue of C$205.89M

November 4, 2023 | theglobeandmail.com

Closing Bell: Algoma Central Corp 5.25 Pct Debs flat on Friday (ALC-DB-A)

November 3, 2023 | finance.yahoo.com

Algoma Central Corporation Reports Financial Performance for the 2023 Third Quarter

October 20, 2023 | theglobeandmail.com

Algoma Central: Top 25 Undervalued Dividend Stocks on TSX (ALC)

October 14, 2023 | theglobeandmail.com

Closing Bell: Algoma Central flat on Friday (ALC)

September 13, 2023 | theglobeandmail.com

Closing Bell: Algoma Central Corp 5.25 Pct Debs flat on Monday (ALC-DB-A)

September 13, 2023 | theglobeandmail.com

Closing Bell: Algoma Central Corp 5.25 Pct Debs up on Tuesday (ALC-DB-A)

August 11, 2023 | finance.yahoo.com

Algoma Central (TSE:ALC) Has Announced A Dividend Of CA$0.18

August 5, 2023 | theglobeandmail.com

Closing Bell: Algoma Central Corp 5.25 Pct Debs down on Friday (ALC-DB-A)

July 15, 2023 | theglobeandmail.com

Algoma Central: Top 10 Undervalued Transportation Industry Stocks (ALC)

May 9, 2023 | theglobeandmail.com

Closing Bell: Algoma Central up on Monday (ALC)

April 27, 2023 | theglobeandmail.com

Closing Bell: Algoma Central down on Wednesday (ALC)

April 27, 2023 | theglobeandmail.com

Closing Bell: Algoma Central Corp 5.25 Pct Debs up on Wednesday (ALC-DB-A)

April 21, 2023 | theglobeandmail.com

Closing Bell: Algoma Central Corp 5.25 Pct Debs down on Thursday (ALC-DB-A)

April 20, 2023 | theglobeandmail.com

Closing Bell: Algoma Central Corp 5.25 Pct Debs flat on Wednesday (ALC-DB-A)

April 19, 2023 | finance.yahoo.com

Algoma Central Corporation to Hold 2023 Annual General Meeting on May 3, 2023

See More Headlines

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Company Calendar

Ex-Dividend for 3/1 Dividend: 2/15/2024
Last Earnings: 2/26/2024
Dividend Payable: 3/01/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/01/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Industrials
Industry: Marine Shipping
Sub-Industry: N/A
Current Symbol: TSE:ALC
CUSIP: N/A
CIK: N/A
Web: www.algonet.com
Phone: +1-905-6877888
Fax: N/A
Employees: 1,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$20.50
High Stock Price Target: C$20.50
Low Stock Price Target: C$20.50
Potential Upside/Downside: +39.0%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.00
Trailing P/E Ratio: 7.38
Forward P/E Ratio: 8.39
P/E Growth: N/A
Net Income: C$82.87 million
Net Margins: 11.49%
Pretax Margin: N/A
Return on Equity: 11.02%
Return on Assets: 3.43%

Debt

Debt-to-Equity Ratio: 48.49
Current Ratio: 1.10
Quick Ratio: 2.06

Sales & Book Value

Annual Sales: C$721.22 million
Price / Sales: 0.79
Cash Flow: C$3.23 per share
Price / Cash Flow: 4.57
Book Value: C$20.14 per share
Price / Book: 0.73

Miscellaneous

Outstanding Shares: 38,650,000
Free Float: N/A
Market Cap: C$570.09 million
Optionable: Not Optionable
Beta: 0.72

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Key Executives

Mr. Gregg A. Ruhl
President, CEO & Director
Mr. Peter D. Winkley C.A.
CPA, Executive VP & CFO
Mr. Stephen J. Wright
Executive Vice-President of Operations & Technical
Mr. J. Wesley Newton L.L.B.
Executive VP of Strategy & Business Development and Secretary
Mr. Christopher A. L. Lazarz C.A.
CPA, Vice-President of Corporate Finance
Mr. Jeffrey M. DeRosario P.Eng.
Vice-President of Marketing
Ms. Cathy Smith
Vice-President of Human Resources
Mr. Thomas G. Siklos
Vice President of Real Estate

Key Competitors

View All Competitors

Insiders

Jens Grønning
Bought 2,000 shares on 12/15/2023
Total: C$30,140.00 ($15.07/share)

ALC Stock Analysis - Frequently Asked Questions

What is Algoma Central's stock price target for 2024?: 0 analysts have issued 1-year target prices for Algoma Central's shares. Their ALC share price targets range from C$20.50 to C$20.50. On average, they anticipate the company's stock price to reach C$20.50 in the next year. This suggests a possible upside of 39.0% from the stock's current price.
View analysts price targets for ALC or view top-rated stocks among Wall Street analysts.
How have ALC shares performed in 2024?: Algoma Central's stock was trading at C$14.95 on January 1st, 2024. Since then, ALC stock has decreased by 1.3% and is now trading at C$14.75.
View the best growth stocks for 2024 here.
When is Algoma Central's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ALC earnings forecast.
How were Algoma Central's earnings last quarter?: Algoma Central Co. (TSE:ALC) released its quarterly earnings data on Monday, February, 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.23. The firm had revenue of $201.32 million for the quarter, compared to analyst estimates of $186.60 million. Algoma Central had a net margin of 11.49% and a trailing twelve-month return on equity of 11.02%.

How often does Algoma Central pay dividends? What is the dividend yield for Algoma Central?: Algoma Central announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 1st will be given a dividend of 0.19 per share on Friday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from the stock's previous quarterly dividend of C$0.18.
Read our dividend analysis for ALC.
Is Algoma Central a good dividend stock?: Algoma Central (TSE:ALC) pays an annual dividend of C$0.76 per share and currently has a dividend yield of 5.08%. ALC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ALC.
What other stocks do shareholders of Algoma Central own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Algoma Central investors own include Air Canada (AC), BCE (BCE), Chorus Aviation (CHR), Extendicare (EXE), Aurora Cannabis (ACB), Algonquin Power & Utilities (AQN), Brookfield Infrastructure Partners (BIP.UN), Chemtrade Logistics Income Fund (CHE.UN), Crombie Real Estate Investment Trust (CRR.UN) and Cominar REIT (CUF.UN).
How do I buy shares of Algoma Central?: Shares of ALC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ALC) was last updated on 4/16/2024 by MarketBeat.com Staff

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Algoma Central (ALC) Stock Price, News & Analysis

Algoma Central MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About Algoma Central Stock (TSE:ALC)

ALC Stock Price History

ALC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ALC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™