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NYSE:TAC

TransAlta Stock Forecast, Price & News

$11.62
+0.22 (+1.93%)
(As of 07/1/2022 05:44 PM ET)
Add
Compare
Today's Range
$11.38
$11.62
50-Day Range
$10.45
$11.62
52-Week Range
$9.44
$12.13
Volume
132,598 shs
Average Volume
272,989 shs
Market Capitalization
$3.14 billion
P/E Ratio
N/A
Dividend Yield
1.40%
Price Target
$16.44

TransAlta Stock Forecast (MarketRank)

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
41.5% Upside
$16.44 Price Target
Short Interest
Healthy
0.25% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.19mentions of TransAlta in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-48.44%
From $0.64 to $0.33 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.65 out of 5 stars

Utilities Sector

74th out of 123 stocks

Electric Services Industry

32nd out of 58 stocks

30 days | 90 days | 365 days | Advanced Chart

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TransAlta logo

About TransAlta (NYSE:TAC)

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.

TAC Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
1,282
Year Founded
N/A

Company Calendar

Last Earnings
5/06/2022
Ex-Dividend for 7/1 Dividend
5/31/2022
Today
7/01/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
8/09/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$16.44
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+41.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.7
Research Coverage
10 Analysts

Profitability

Net Income
$-428.47 million
Pretax Margin
-5.74%

Debt

Sales & Book Value

Annual Sales
$2.17 billion
Cash Flow
$2.62 per share
Book Value
$4.86 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.14 billion
Optionable
Not Optionable
Beta
1.08














TransAlta Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TransAlta stock.
View analyst ratings for TransAlta
or view top-rated stocks.

What is TransAlta's stock price forecast for 2022?

10 Wall Street research analysts have issued 1 year price objectives for TransAlta's shares. Their TAC stock forecasts range from $14.00 to $17.50. On average, they anticipate TransAlta's share price to reach $16.44 in the next year. This suggests a possible upside of 41.5% from the stock's current price.
View analysts' price targets for TransAlta
or view top-rated stocks among Wall Street analysts.

How has TransAlta's stock performed in 2022?

TransAlta's stock was trading at $11.12 on January 1st, 2022. Since then, TAC shares have increased by 4.5% and is now trading at $11.62.
View the best growth stocks for 2022 here
.

Are investors shorting TransAlta?

TransAlta saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 628,800 shares, an increase of 25.7% from the May 31st total of 500,400 shares. Based on an average daily volume of 305,500 shares, the short-interest ratio is currently 2.1 days. Approximately 0.3% of the company's shares are sold short.
View TransAlta's Short Interest
.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for TransAlta
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) issued its quarterly earnings data on Friday, May, 6th. The utilities provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.36. The utilities provider had revenue of $580.27 million for the quarter, compared to the consensus estimate of $536.65 million. TransAlta had a positive trailing twelve-month return on equity of 13.73% and a negative net margin of 12.08%. During the same period last year, the firm posted ($0.02) earnings per share.
View TransAlta's earnings history
.

How often does TransAlta pay dividends? What is the dividend yield for TransAlta?

TransAlta announced a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, June 1st will be given a dividend of $0.04 per share on Friday, July 1st. This represents a $0.16 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, May 31st. This is a positive change from TransAlta's previous quarterly dividend of $0.04.
View TransAlta's dividend history
.

Is TransAlta a good dividend stock?

TransAlta(NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.40%.
View TransAlta's dividend history.

Who are TransAlta's key executives?

TransAlta's management team includes the following people:
  • Mr. John Harry Kousinioris, Pres, CEO & Director (Age 57, Pay $1.78M)
  • Mr. Todd John Stack, Exec. VP of Fin. & CFO (Age 55, Pay $941.65k)
  • Ms. Kerry O'Reilly Wilks, Exec. VP of Legal, Commercial & External Affairs (Age 44, Pay $869.08k)
  • Ms. Jane Nyla Fedoretz, Exec. VP of People, Talent & Transformation
  • Mr. Michael J. Novelli, Exec. Vice-Pres of Generation
  • Chiara Valentini, Mang. of Investor Relations
  • Ms. Stacey Hatcher, Mang. of Communications
  • Ms. Maria Perry, MD of People & Talent
  • Ms. Dawn E. de Lima, Chief Shared Services Officer
  • Mr. Aron John Willis, Exec. Vice-Pres of Growth (Age 47)

What is Dawn Farrell's approval rating as TransAlta's CEO?

78 employees have rated TransAlta CEO Dawn Farrell on Glassdoor.com. Dawn Farrell has an approval rating of 9% among TransAlta's employees. This puts Dawn Farrell in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TransAlta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TA), Bristol-Myers Squibb (BMY), Advanced Micro Devices (AMD), AT&T (T), Enbridge (ENB), General Motors (GM), Verizon Communications (VZ), Ford Motor (F), General Electric (GE) and Pfizer (PFE).

What is TransAlta's stock symbol?

TransAlta trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAC."

How do I buy shares of TransAlta?

Shares of TAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $11.62.

How much money does TransAlta make?

TransAlta (NYSE:TAC) has a market capitalization of $3.14 billion and generates $2.17 billion in revenue each year. The utilities provider earns $-428.47 million in net income (profit) each year or ($1.06) on an earnings per share basis.

How many employees does TransAlta have?

TransAlta employs 1,282 workers across the globe.

How can I contact TransAlta?

TransAlta's mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The official website for TransAlta is www.transalta.com. The utilities provider can be reached via phone at (403) 267-7110, via email at [email protected], or via fax at 1-403-267-7405.

This page (NYSE:TAC) was last updated on 7/1/2022 by MarketBeat.com Staff

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