National Bank Financial Predicts TransAlta FY2026 Earnings

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

A number of other research firms also recently issued reports on TA. CIBC increased their price objective on TransAlta from C$18.50 to C$19.00 and gave the stock an "outperform" rating in a report on Thursday. National Bankshares reduced their price target on TransAlta from C$20.00 to C$16.00 and set an "outperform" rating for the company in a report on Thursday. Scotiabank reduced their price target on TransAlta from C$17.00 to C$16.00 and set a "sector perform" rating for the company in a report on Thursday. Cibc World Mkts upgraded TransAlta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Finally, ATB Capital reduced their price target on TransAlta from C$19.00 to C$18.00 and set an "outperform" rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, TransAlta presently has a consensus rating of "Moderate Buy" and an average target price of C$18.00.

TransAlta Price Performance

Shares of TransAlta stock opened at C$12.05 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The company has a market cap of C$3.62 billion, a PE ratio of 17.18, a P/E/G ratio of -0.07 and a beta of 0.93. The business has a 50 day moving average of C$12.79 and a 200 day moving average of C$15.43. TransAlta has a 52 week low of C$9.30 and a 52 week high of C$21.22.

Insider Activity

In other TransAlta news, Senior Officer Joel E. Hunter purchased 45,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of C$14.99 per share, with a total value of C$674,752.50. Insiders own 0.21% of the company's stock.

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.

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