NYSE:TAC

TransAlta - TAC Price Target & Analyst Ratings

$8.49

+0.13 (+1.56%)

(As of 03/30/2023 12:00 AM ET)

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Today's Range: $8.30
▼
$8.53
50-Day Range: $7.78
▼
$9.74
52-Week Range: $7.55
▼
$11.85

Volume: 321,308 shs
Average Volume: 347,861 shs
Market Capitalization: $2.28 billion

P/E Ratio: 424.50
Dividend Yield: 1.88%
Price Target: $16.10

Institutional Ownership

TransAlta Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 3 Analyst Ratings

Consensus Analyst Price Target

$16.00
88.46% Upside

High Prediction	$16.00
Average Prediction	$16.00
Low Prediction	$16.00

Type	Current 3/30/22 to 3/30/23	1 Month Ago 2/28/22 to 2/28/23	3 Months Ago 12/30/21 to 12/30/22	1 Year Ago 3/30/21 to 3/30/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	7 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$16.00	$16.00	$16.00	$14.00
Predicted Upside	88.46% Upside	72.04% Upside	72.04% Upside	29.03% Upside

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TAC Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TAC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

TransAlta Stock vs. The Competition

Type	TransAlta	Utilities Companies	S&P 500
Consensus Rating Score	2.67	2.34	2.47
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	88.46% Upside	72.00% Upside	93.72% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
1/27/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
12/16/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$17.00 ➝ $16.00	+72.04%
11/9/2022	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$15.50 ➝ C$16.00
11/9/2022	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$18.00 ➝ C$17.50
3/22/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral

1/11/2022	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$16.50 ➝ C$17.00
12/24/2021	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	C$17.00
11/11/2021	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Patrick Kenny Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	C$13.00 ➝ C$14.00
11/10/2021	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$16.00 ➝ C$17.00
7/6/2020	AltaCorp Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Heywood Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$11.00	+79.45%
5/13/2020	Industrial Alliance Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Naji Baydoun Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold	$9.00	+63.04%

(Data available from 3/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

TAC Price Target - Frequently Asked Questions

What is TransAlta's consensus rating and price target?: According to the issued ratings of 3 analysts in the last year, the consensus rating for TransAlta stock is Moderate Buy based on the current 1 hold rating and 2 buy ratings for TAC. The average twelve-month price prediction for TransAlta is $16.00 with a high price target of $16.00 and a low price target of $16.00. Learn more on TAC's analyst rating history.
Do Wall Street analysts like TransAlta more than its competitors?: Analysts like TransAlta more than other Utilities companies. The consensus rating for TransAlta is Moderate Buy while the average consensus rating for utilities companies is Hold. Learn more on how TAC compares to other companies.
Is TransAlta being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, TransAlta's stock had 1 upgrade and 1 downgrade by analysts.

Does TransAlta's stock price have much upside?: According to analysts, TransAlta's stock has a predicted upside of 72.04% based on their 12-month price targets.
What analysts cover TransAlta?: TransAlta has been rated by Credit Suisse Group, and National Bank Financial in the past 90 days.

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This page (NYSE:TAC) was last updated on 3/30/2023 by MarketBeat.com Staff

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