Q4 Earnings Estimate for TransAlta Issued By Atb Cap Markets

Key Points

• Atb Cap Markets has raised its Q4 2026 earnings per share (EPS) estimate for TransAlta from $0.15 to $0.16.
• Multiple brokerages have adjusted their price targets for TransAlta, with recommendations ranging from "hold" to "strong-buy," and a consensus target of C$19.22.
• TransAlta currently has a market capitalization of C$4.99 billion and operates a diverse fleet of power generation assets across Canada, the U.S., and Australia.

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Equities researchers at Atb Cap Markets increased their Q4 2026 EPS estimates for TransAlta in a research report issued on Tuesday, August 5th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $0.16 per share for the quarter, up from their previous forecast of $0.15.

TA has been the topic of several other reports. National Bankshares lifted their target price on shares of TransAlta from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Jefferies Financial Group raised shares of TransAlta from a "hold" rating to a "buy" rating and upped their target price for the stock from C$12.00 to C$20.00 in a report on Thursday, June 12th. Royal Bank Of Canada cut their price target on shares of TransAlta from C$23.00 to C$20.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Desjardins dropped their price objective on shares of TransAlta from C$16.00 to C$14.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Finally, CIBC raised their price target on TransAlta from C$18.50 to C$20.00 in a report on Thursday, July 10th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, TransAlta has an average rating of "Buy" and an average price target of C$19.22.

TransAlta Stock Up 0.7%

Shares of TransAlta stock traded up C$0.12 during trading on Wednesday, hitting C$16.63. 1,838,420 shares of the stock traded hands, compared to its average volume of 1,871,473. The stock has a market cap of C$4.99 billion, a P/E ratio of 23.70, a PEG ratio of -0.07 and a beta of 0.93. The company has a fifty day moving average price of C$15.51 and a two-hundred day moving average price of C$14.30. TransAlta has a twelve month low of C$10.95 and a twelve month high of C$21.22. 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 Company Profile

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.