TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC's stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.24 and traded as high as C$15.45. TransAlta shares last traded at C$15.12, with a volume of 3,220,989 shares changing hands.
Analysts Set New Price Targets
TA has been the topic of a number of analyst reports. Scotiabank decreased their target price on shares of 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. 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 report on Thursday, May 8th. Royal Bank Of Canada decreased their price target on TransAlta from C$23.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group raised shares of TransAlta from a "hold" rating to a "buy" rating and upped their price objective for the company from C$12.00 to C$20.00 in a research note on Thursday, June 12th. Finally, Desjardins decreased their target price on shares of TransAlta from C$16.00 to C$14.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$18.22.
View Our Latest Analysis on TA
TransAlta Stock Up 0.1%
The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The company has a market cap of C$4.54 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The firm's 50-day moving average price is C$13.17 and its 200-day moving average price is C$15.19.
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.
See Also
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
