TransAlta Co. (TSE:TA) Stock Has Consensus Target Price of C$24.61

Key Points

• Analyst consensus is “Buy”: Six of eight brokerages rate TransAlta a buy, one rates it a strong buy, and one recommends holding. The average 12-month price target is C$24.61, versus a share price of C$17.14.
• Recent analyst revisions were mixed: Desjardins raised its target to C$19.00 while maintaining a hold rating, whereas CIBC cut its target from C$26.00 to C$24.50.
• TransAlta reported quarterly EPS of C$0.18 on revenue of C$507 million, but posted a negative 1.02% net margin and carries high leverage, with a debt-to-equity ratio of 238.01.

Shares of TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC have earned an average recommendation of "Buy" from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$24.61.

A number of research firms have recently weighed in on TA. Desjardins upped their target price on shares of TransAlta from C$18.50 to C$19.00 and gave the stock a "hold" rating in a research report on Friday, July 3rd. Canadian Imperial Bank of Commerce lowered their price target on shares of TransAlta from C$26.00 to C$24.50 in a research report on Tuesday, September 22nd.

TransAlta Price Performance

Shares of TA stock opened at C$17.14 on Monday. The stock has a market cap of C$5.42 billion, a price-to-earnings ratio of -55.29, a PEG ratio of -0.07 and a beta of 0.54. The business's fifty day moving average is C$17.31 and its 200 day moving average is C$18.07. TransAlta has a twelve month low of C$15.62 and a twelve month high of C$25.03. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 238.01.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$507.00 million during the quarter. TransAlta had a negative return on equity of 1.50% and a negative net margin of 1.02%.

Insiders Place Their Bets

In other TransAlta news, insider Michael Politeski acquired 5,000 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were acquired at an average price of C$16.02 per share, for a total transaction of C$80,100.00. Following the completion of the acquisition, the insider owned 90,000 shares in the company, valued at C$1,441,800. This trade represents a 5.88% increase in their ownership of the stock. Company insiders own 0.21% of the company's stock.

TransAlta Company Profile

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.

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