TransAlta (TSE:TA) Stock Price Expected to Rise, National Bankshares Analyst Says

by · The Markets Daily

TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) had its price target increased by equities research analysts at National Bankshares from C$18.00 to C$22.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 10.33% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada upped their target price on TransAlta from C$20.00 to C$24.00 in a research report on Monday, November 10th. Desjardins upped their price objective on TransAlta from C$16.50 to C$21.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. ATB Capital lifted their price target on shares of TransAlta from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday. TD Securities lowered their price objective on TransAlta from C$27.00 to C$26.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Jefferies Financial Group raised their price target on shares of TransAlta from C$20.00 to C$27.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, TransAlta presently has an average rating of “Moderate Buy” and an average target price of C$24.78.

Check Out Our Latest Stock Analysis on TA

TransAlta Trading Down 1.5%

TransAlta stock traded down C$0.31 during trading on Wednesday, hitting C$19.94. The company’s stock had a trading volume of 402,189 shares, compared to its average volume of 1,724,435. TransAlta has a 1-year low of C$11.16 and a 1-year high of C$25.03. The stock’s fifty day moving average is C$21.61 and its 200 day moving average is C$18.11. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74. The stock has a market capitalization of C$5.92 billion, a price-to-earnings ratio of -31.16, a P/E/G ratio of -0.07 and a beta of 0.67.

TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last issued its earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$674.00 million during the quarter. TransAlta had a return on equity of 12.03% and a net margin of 7.49%.

About TransAlta

(Get Free Report)

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company’s revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.

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