TransAlta Co. (TSE:TA) Receives C$15.80 Consensus Target Price from Brokerages

Shares of TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC have earned a consensus recommendation of "Buy" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$15.80.

Several research firms recently commented on TA. CIBC upped their target price on shares of TransAlta from C$18.00 to C$18.50 and gave the company an "outperform" rating in a research note on Monday, February 26th. Royal Bank of Canada dropped their price objective on shares of TransAlta from C$15.00 to C$14.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. BMO Capital Markets dropped their price objective on shares of TransAlta from C$17.00 to C$16.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. TD Securities dropped their price objective on shares of TransAlta from C$15.00 to C$14.00 and set a "buy" rating for the company in a research note on Monday, February 26th. Finally, National Bankshares dropped their price objective on shares of TransAlta from C$14.00 to C$13.00 and set an "outperform" rating for the company in a research note on Tuesday, January 30th.

TransAlta Stock Down 0.9 %

TA stock traded down C$0.08 during trading hours on Friday, hitting C$8.35. The company's stock had a trading volume of 1,047,476 shares, compared to its average volume of 933,838. 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 company has a market capitalization of C$2.57 billion, a PE ratio of 3.58, a price-to-earnings-growth ratio of -0.07 and a beta of 0.89. TransAlta has a 12 month low of C$8.23 and a 12 month high of C$13.97. The stock has a 50 day moving average price of C$9.01 and a two-hundred day moving average price of C$10.20.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last posted its earnings results on Friday, February 23rd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C$0.18 by C($0.45). The business 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, equities research analysts expect that TransAlta will post 0.4700714 earnings per share for the current 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.