FY2025 EPS Estimates for TransAlta Cut by Atb Cap Markets

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Research analysts at Atb Cap Markets reduced their FY2025 earnings per share estimates for TransAlta in a report released on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.44 per share for the year, down from their previous forecast of $0.58.

Several other brokerages have also recently weighed in on TA. Cibc World Mkts raised TransAlta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Scotiabank decreased their target price on TransAlta from C$21.00 to C$17.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. TD Securities boosted their target price on TransAlta from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, CIBC decreased their price objective on 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TransAlta presently has a consensus rating of "Moderate Buy" and a consensus target price of C$17.71.

TransAlta Price Performance

Shares of TSE TA traded down C$0.30 during midday trading on Friday, reaching C$12.29. 242,565 shares of the company traded hands, compared to its average volume of 2,070,052. The firm has a market cap of C$3.69 billion, a PE ratio of 17.52, a PEG ratio of -0.07 and a beta of 0.93. The stock's 50-day simple moving average is C$13.22 and its 200-day simple moving average is C$15.54. TransAlta has a 12 month low of C$9.06 and a 12 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.

Insider Buying and Selling at TransAlta

In other TransAlta news, Senior Officer Joel E. Hunter purchased 45,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of C$14.99 per share, for a total transaction of C$674,752.50. Corporate insiders own 0.21% of the company's stock.

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.