TransAlta (TAC) Stock Forecast & Price Target

$7.32

-0.01 (-0.14%)

(As of 07/26/2024 ET)

TransAlta - Analysts' Recommendations and Stock Price Forecast (2024)

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 Rating

Buy
Based on 1 Analyst Ratings

Based on 1 Wall Street analysts who have issued ratings for TransAlta in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for TAC.

Consensus Price Target

N/A

According to the 1 analysts' twelve-month price targets for TransAlta,

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	$16.00
Forecasted Upside	N/A	N/A	N/A	72.04% Upside

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TAC Analyst Recommendations 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	3.00	2.47	2.50
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside		60.00% Upside	9.16% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/6/2023	TD Securities 4 of 5 stars	Initiated Coverage	Buy
4/12/2023	Credit Suisse Group 2 of 5 stars	Upgrade	Neutral ➝ Outperform
1/27/2023	National Bank Financial 5 of 5 stars	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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:51 AM ET.

TAC Forecast - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There is currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TAC shares.
Do Wall Street analysts like TransAlta more than its competitors?: Analysts like TransAlta more than other "utilities" companies. The consensus rating for TransAlta is Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how TAC compares to other companies.