TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Equities researchers at National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for shares of TransAlta in a research note issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the company will post earnings per share of $0.05 for the quarter.
Other research analysts have also issued research reports about the stock. Cibc World Mkts upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Scotiabank lowered their price objective on TransAlta from C$21.00 to C$17.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. TD Securities upped their target price on TransAlta from C$18.00 to C$19.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, CIBC decreased their price target on shares of TransAlta from C$19.50 to C$19.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, TransAlta has an average rating of "Moderate Buy" and an average price target of C$17.71.
Read Our Latest Research Report on TA
TransAlta Price Performance
TSE TA traded down C$0.22 during trading hours on Friday, reaching C$12.37. The company's stock had a trading volume of 177,028 shares, compared to its average volume of 2,069,250. TransAlta has a fifty-two week low of C$9.06 and a fifty-two week high of C$21.22. The stock has a market cap of C$3.71 billion, a PE ratio of 17.63, a PEG ratio of -0.07 and a beta of 0.93. 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 company's 50-day moving average is C$13.22 and its two-hundred day moving average is C$15.54.
Insider Buying and Selling
In related news, Senior Officer Joel E. Hunter acquired 45,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of C$14.99 per share, with a total value of C$674,752.50. Insiders own 0.21% of the company's stock.
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.
See Also
Before you consider TransAlta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TransAlta wasn't on the list.
While TransAlta currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
