TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Research analysts at National Bank Financial boosted their FY2026 earnings 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 post earnings per share of $0.38 for the year, up from their prior forecast of $0.26.
TA has been the topic of several other reports. TD Securities raised their price objective on shares of TransAlta from C$19.00 to C$20.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada cut 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 report on Thursday, May 8th. CIBC lifted their price objective on shares of TransAlta from C$18.50 to C$20.00 in a research report on Thursday, July 10th. Scotiabank upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from C$16.00 to C$20.00 in a research note on Friday, July 18th. Finally, ATB Capital boosted their price target on shares of TransAlta from C$18.00 to C$20.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, TransAlta has a consensus rating of "Buy" and a consensus target price of C$19.22.
Check Out Our Latest Report on TransAlta
TransAlta Stock Down 0.3%
TA stock traded down C$0.05 during trading on Thursday, reaching C$16.58. The stock had a trading volume of 115,270 shares, compared to its average volume of 1,859,919. The company has a market capitalization of C$4.98 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of -0.07 and a beta of 0.93. 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's 50 day moving average is C$15.51 and its two-hundred day moving average is C$14.27. TransAlta has a one year low of C$10.97 and a one year high of C$21.22.
TransAlta Company Profile
(
Get Free Report)
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.
Read More
Before you consider TransAlta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TransAlta wasn't on the list.
While TransAlta currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access