Brokers Issue Forecasts for 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 - Investment analysts at National Bank Financial reduced their FY2025 EPS estimates for TransAlta in a research report issued to clients and investors on Monday, August 4th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $0.16 per share for the year, down from their previous estimate of $0.22.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group raised TransAlta from a "hold" rating to a "buy" rating and raised their target price for the company from C$12.00 to C$20.00 in a report on Thursday, June 12th. Scotiabank upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating and raised their price target for the company from C$16.00 to C$20.00 in a research note on Friday, July 18th. Royal Bank Of Canada reduced their price target on shares of TransAlta from C$23.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. CIBC raised their price target on shares of TransAlta from C$18.50 to C$20.00 in a research note on Thursday, July 10th. Finally, National Bankshares raised their price target on shares of TransAlta from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$19.22.

TransAlta Stock Performance

Shares of TA stock traded up C$0.12 on Wednesday, hitting C$16.63. The company's stock had a trading volume of 1,838,420 shares, compared to its average volume of 1,871,473. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74. The stock's 50 day moving average is C$15.51 and its 200-day moving average is C$14.30. TransAlta has a fifty-two week low of C$10.95 and a fifty-two week high of C$21.22. The company has a market capitalization of C$4.99 billion, a PE ratio of 23.70, a PEG ratio of -0.07 and a beta of 0.93.

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.