FY2026 EPS Estimates for TransAlta Reduced by Analyst

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - National Bank Financial decreased their FY2026 earnings estimates for shares of TransAlta in a research report issued to clients and investors on Wednesday, May 7th. National Bank Financial analyst P. Kenny now expects that the company will earn $0.26 per share for the year, down from their prior forecast of $0.69.

Other equities analysts also recently issued reports about the company. ATB Capital decreased their target price on TransAlta from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Scotiabank reduced their target price on shares of TransAlta from C$17.00 to C$16.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Desjardins decreased their price target on TransAlta from C$16.00 to C$14.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Royal Bank of Canada decreased 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. Finally, Cibc World Mkts raised TransAlta from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TransAlta presently has an average rating of "Moderate Buy" and an average price target of C$18.00.

TransAlta Stock Performance

Shares of TSE:TA traded down C$0.11 during trading on Monday, reaching C$12.58. 95,273 shares of the company's stock traded hands, compared to its average volume of 2,020,886. The stock has a market capitalization of C$3.78 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. TransAlta has a 12 month low of C$9.30 and a 12 month high of C$21.22. The company has a 50 day moving average of C$12.73 and a 200-day moving average of C$15.39. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62.

Insider Transactions at TransAlta

In other news, Senior Officer Joel E. Hunter acquired 45,000 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of C$14.99 per share, for a total transaction of C$674,752.50. 0.21% of the stock is owned by insiders.

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.