TransAlta - TAC Stock Forecast, Price & News

10 Wall Street 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 analysts is that investors should "buy" TAC shares.
View TAC analyst ratings or view top-rated stocks.

10 Wall Street analysts have issued 12-month price targets for TransAlta's shares. Their TAC share price forecasts range from $14.00 to $17.50. On average, they predict the company's share price to reach $16.50 in the next year. This suggests a possible upside of 85.4% from the stock's current price.
View analysts price targets for TAC or view top-rated stocks among Wall Street analysts.

TransAlta's stock was trading at $11.12 at the beginning of the year. Since then, TAC stock has decreased by 20.0% and is now trading at $8.90.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our TAC earnings forecast.

TransAlta Co. (NYSE:TAC) posted its quarterly earnings results on Friday, August, 5th. The utilities provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.48. The utilities provider earned $461 million during the quarter, compared to the consensus estimate of $449.56 million. TransAlta had a negative net margin of 15.45% and a positive trailing twelve-month return on equity of 9.86%. The firm's revenue for the quarter was down 26.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share.

TransAlta declared a quarterly dividend on Friday, July 29th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.0388 per share on Saturday, October 1st. This represents a $0.16 annualized dividend and a yield of 1.74%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for TAC.

TransAlta (NYSE:TAC) pays an annual dividend of $0.15 per share and currently has a dividend yield of 1.67%.
Read our dividend analysis for TAC.

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

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).

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

Shares of TAC stock 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.
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One share of TAC stock can currently be purchased for approximately $8.90.

TransAlta (NYSE:TAC) has a market capitalization of $2.41 billion and generates $2.17 billion in revenue each year. The utilities provider earns $-428,470,000.00 in net income (profit) each year or ($1.27) on an earnings per share basis.

The company employs 1,282 workers across the globe.

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