TransAlta Co. (TSE:TA) Given Average Recommendation of "Moderate Buy" by Brokerages

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC has received a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$18.22.

TA has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on TransAlta from C$23.00 to C$20.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Scotiabank dropped their price target on TransAlta from C$17.00 to C$16.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. National Bankshares dropped their price target on TransAlta from C$20.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. ATB Capital dropped their price target on TransAlta from C$19.00 to C$18.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Cibc World Mkts raised TransAlta from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 18th.

TransAlta Stock Performance

TA stock traded up C$0.50 during trading on Friday, reaching C$15.58. 1,252,180 shares of the company's stock were exchanged, compared to its average volume of 1,992,491. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. TransAlta has a 1-year low of C$9.30 and a 1-year high of C$21.22. The company's fifty day moving average price is C$12.86 and its 200-day moving average price is C$15.24. The firm has a market cap of C$4.68 billion, a PE ratio of 22.21, a P/E/G 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.