National Bank Financial Forecasts TransAlta FY2025 Earnings

Key Points

• National Bank Financial has reduced its FY2025 earnings per share estimate for TransAlta from $0.22 to $0.16.
• Several firms have adjusted their price targets for TransAlta, with TD Securities, Scotiabank, and ATB Capital setting targets at C$20.00, while Desjardins lowered its target to C$14.00.
• TransAlta's stock recently opened at C$16.62, experiencing a 2.7% decline on the trading day prior.

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - National Bank Financial reduced their FY2025 EPS estimates for TransAlta in a note issued to investors on Monday, August 4th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $0.16 per share for the year, down from their previous estimate of $0.22.

TA has been the subject of a number of other research reports. Royal Bank Of Canada cut their price objective 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. ATB Capital lifted their price target on TransAlta from C$18.00 to C$20.00 and gave the company an "outperform" rating in a research note on Tuesday. CIBC upped their price target on TransAlta from C$18.50 to C$20.00 in a report on Thursday, July 10th. National Bankshares raised their price objective on TransAlta from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, TD Securities boosted their price objective on TransAlta from C$19.00 to C$20.00 and gave the company a "buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$19.22.

TransAlta Stock Performance

TransAlta stock traded down C$0.23 during trading hours on Wednesday, hitting C$16.51. 1,227,154 shares of the stock traded hands, compared to its average volume of 1,871,692. The firm's 50 day moving average price is C$15.44 and its 200-day moving average price is C$14.37. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The stock has a market capitalization of C$4.96 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of -0.07 and a beta of 0.93. TransAlta has a 1 year low of C$10.95 and a 1 year 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.