Analysts Set TransAlta Co. (TSE:TA) Target Price at C$25.13

by · The Markets Daily

TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) has been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$25.13.

A number of analysts recently issued reports on TA shares. ATB Capital raised their price objective on TransAlta from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Natl Bk Canada lowered shares of TransAlta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group lifted 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 report on Tuesday, October 14th. CIBC upped their price objective on shares of TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada lifted their target price on shares of TransAlta from C$20.00 to C$24.00 in a report on Monday, November 10th.

Get Our Latest Analysis on TransAlta

TransAlta Trading Up 0.1%

TA opened at C$17.36 on Tuesday. TransAlta has a one year low of C$11.16 and a one year high of C$25.03. The stock has a market capitalization of C$5.15 billion, a PE ratio of -27.13, a P/E/G ratio of -0.07 and a beta of 0.67. The business’s 50 day moving average price is C$20.19 and its 200 day moving average price is C$18.52. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74.

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

TransAlta Company Profile

(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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