TransAlta (TSE:TA) Hits New 1-Year Low at $8.22

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC's share price hit a new 52-week low on Tuesday . The company traded as low as C$8.22 and last traded at C$8.35, with a volume of 377832 shares changing hands. The stock had previously closed at C$8.40.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TA. BMO Capital Markets lowered their price objective on shares of TransAlta from C$17.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Monday, February 26th. National Bankshares decreased their price target on shares of TransAlta from C$14.00 to C$13.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 30th. Royal Bank of Canada decreased their price target on shares of TransAlta from C$15.00 to C$14.00 and set an "outperform" rating on the stock in a research report on Monday, February 26th. TD Securities decreased their price target on shares of TransAlta from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research report on Monday, February 26th. Finally, CIBC increased their price target on shares of TransAlta from C$18.00 to C$18.50 and gave the stock an "outperform" rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, TransAlta currently has an average rating of "Buy" and an average price target of C$15.80.

TransAlta Trading Up 0.6 %

The stock's 50 day moving average price is C$8.99 and its 200-day moving average price is C$10.17. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 253.18. The stock has a market capitalization of C$2.60 billion, a PE ratio of 3.63, a PEG ratio of -0.07 and a beta of 0.89.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last announced its quarterly earnings data on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.18 by C($0.45). The firm had revenue of C$624.00 million during the quarter. TransAlta had a return on equity of 43.58% and a net margin of 20.71%. On average, sell-side analysts expect that TransAlta Co. will post 0.4700714 earnings per share for the current fiscal year.

About TransAlta

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.