Analysts Set TransAlta Co. (TSE:TA) Target Price at C$18.22

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC has been assigned an average rating of "Moderate Buy" from the nine brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating 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$18.33.

Several research firms recently weighed in on TA. CIBC upped their price objective on shares of TransAlta from C$18.50 to C$20.00 in a research report on Thursday. Royal Bank Of Canada lowered their target price on TransAlta from C$23.00 to C$20.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. ATB Capital lowered their price objective 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. National Bankshares decreased their target price on shares of TransAlta from C$20.00 to C$16.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, Desjardins cut their price target on TransAlta from C$16.00 to C$14.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th.

TransAlta Price Performance

Shares of TA traded up C$0.32 during trading hours on Tuesday, hitting C$15.63. The stock had a trading volume of 1,856,403 shares, compared to its average volume of 1,889,337. The company's fifty day moving average is C$13.83 and its two-hundred day moving average is C$14.82. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. TransAlta has a 52 week low of C$9.35 and a 52 week high of C$21.22. The stock has a market capitalization of C$4.69 billion, a price-to-earnings ratio of 22.28, 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.