TransAlta FY2026 EPS Raised by National Bank Financial

Key Points

• National Bank Financial has raised its earnings estimate for TransAlta's FY2026 from $0.26 to $0.38 per share.
• A number of analysts have upgraded TransAlta's stock rating, with Jefferies Financial Group increasing its target price from C$12.00 to C$20.00.
• TransAlta currently has an average stock rating of "Buy" and a consensus target price of C$19.22.

TransAlta Co. (TSE:TA - Free Report) NYSE: TAC - Stock analysts at National Bank Financial raised their FY2026 earnings estimates for shares of TransAlta in a report issued on Monday, August 4th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $0.38 per share for the year, up from their previous forecast of $0.26.

A number of other analysts have also weighed in on TA. Jefferies Financial Group upgraded shares of TransAlta from a "hold" rating to a "buy" rating and increased their target price for the stock from C$12.00 to C$20.00 in a report on Thursday, June 12th. Scotiabank upgraded TransAlta from a "hold" rating to a "strong-buy" rating and raised their price target for the stock from C$16.00 to C$20.00 in a research report on Friday, July 18th. ATB Capital upped their price objective on shares of TransAlta from C$18.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Tuesday. National Bankshares increased their price objective on TransAlta from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, CIBC increased their price objective on TransAlta from C$18.50 to C$20.00 in a report on Thursday, July 10th. 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 stock. According to MarketBeat.com, TransAlta has an average rating of "Buy" and a consensus target price of C$19.22.

TransAlta Price Performance

TA stock opened at C$16.69 on Thursday. The firm has a 50 day moving average of C$15.38 and a 200-day moving average of C$14.40. The firm has a market capitalization of C$5.01 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. TransAlta has a 12 month low of C$10.95 and a 12 month high of C$21.22.

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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