Atb Cap Markets Comments on TransAlta's Q4 Earnings (TSE:TA)

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 research analysts at Atb Cap Markets increased their Q4 2026 EPS estimates for TransAlta in a research note issued to investors on Tuesday, August 5th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.15.

Several other brokerages have also issued reports on TA. Desjardins decreased their price target on TransAlta from C$16.00 to C$14.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. CIBC lifted their target price on TransAlta from C$18.50 to C$20.00 in a research report on Thursday, July 10th. ATB Capital boosted their target price on TransAlta from C$18.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Tuesday. TD Securities raised their price target on shares of TransAlta from C$19.00 to C$20.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Scotiabank raised shares of TransAlta from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from C$16.00 to C$20.00 in a report on Friday, July 18th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$19.22.

TransAlta Price Performance

Shares of TSE TA opened at C$16.62 on Wednesday. The business has a fifty day moving average price of C$15.31 and a two-hundred day moving average price of C$14.38. The stock has a market capitalization of C$4.99 billion, a PE ratio of 23.69, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. TransAlta has a fifty-two week low of C$10.43 and a fifty-two week high of C$21.22.

About TransAlta

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.