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TSE:TA

TransAlta - TA Stock Forecast, Price & News

C$12.85
+0.07 (+0.55%)
(As of 08/18/2022 04:35 PM ET)
Add
Compare
Today's Range
C$12.71
C$12.96
50-Day Range
C$12.58
C$15.10
52-Week Range
C$11.87
C$15.28
Volume
708,910 shs
Average Volume
769,311 shs
Market Capitalization
C$3.48 billion
P/E Ratio
N/A
Dividend Yield
1.56%
Price Target
C$16.72
TA stock logo

About TransAlta (TSE:TA) Stock

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.

TransAlta Trading Down 0.9 %

TSE:TA opened at C$12.78 on Thursday. The firm has a market capitalization of C$3.46 billion and a price-to-earnings ratio of -9.63. The company has a debt-to-equity ratio of 158.29, a quick ratio of 0.77 and a current ratio of 1.12. TransAlta has a one year low of C$11.87 and a one year high of C$15.28. The company's 50 day moving average price is C$14.29 and its 200 day moving average price is C$13.75.

TransAlta (TSE:TA - Get Rating) (NYSE:TAC) last issued its earnings results on Friday, August 5th. The company reported C($0.30) EPS for the quarter, missing analysts' consensus estimates of C$0.16 by C($0.46). The firm had revenue of C$458.00 million for the quarter. On average, sell-side analysts predict that TransAlta will post 0.35 EPS for the current year.

TransAlta Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 1st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. TransAlta's dividend payout ratio (DPR) is currently -14.69%.

Analysts Set New Price Targets

Several research firms have issued reports on TA. Credit Suisse Group raised their price target on shares of TransAlta from C$18.00 to C$18.50 and gave the stock an "outperform" rating in a research note on Monday, July 25th. CSFB lifted their price objective on TransAlta from C$17.00 to C$18.00 in a research report on Wednesday, April 20th. TD Securities dropped their target price on TransAlta from C$18.50 to C$18.00 and set a "buy" rating for the company in a research note on Monday, August 8th. BMO Capital Markets reissued a "buy" rating and issued a C$17.00 price target on shares of TransAlta in a research note on Monday, May 9th. Finally, National Bankshares upped their price objective on shares of TransAlta from C$14.00 to C$15.00 and gave the company a "sector perform" rating in a research note on Monday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$16.72.

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TA Stock News Headlines

TD Securities Lowers TransAlta (TSE:TA) Price Target to C$18.00
TransAlta 2Q Loss Widens, Revenue Falls
TransAlta: Q2 Earnings Snapshot
TransAlta (TA) to Release Earnings on Friday
See More Headlines
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TA Company Calendar

Ex-Dividend for 7/1 Dividend
5/31/2022
Dividend Payable
7/01/2022
Last Earnings
8/05/2022
Today
8/18/2022
Ex-Dividend for 10/1 Dividend
8/31/2022
Dividend Payable
10/01/2022
Next Earnings (Estimated)
11/07/2022

Industry, Sector and Symbol

Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
1,282
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$16.72
High Stock Price Forecast
C$18.50
Low Stock Price Forecast
C$14.00
Forecasted Upside/Downside
+30.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.65 billion
Cash Flow
C$3.33 per share
Book Value
C$2.34 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.48 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. John Harry Kousinioris (Age 57)
    Pres, CEO & Director
    Comp: $2.23M
  • Mr. Todd John Stack (Age 55)
    Exec. VP of Fin. & CFO
    Comp: $1.18M
  • Ms. Kerry O'Reilly Wilks (Age 44)
    Exec. VP of Legal, Commercial & External Affairs
    Comp: $1.09M
  • 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 (Age 47)
    Exec. Vice-Pres of Growth













TA Stock - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TA shares.
View TA analyst ratings
or view top-rated stocks.

What is TransAlta's stock price forecast for 2022?

8 brokerages have issued 12 month price targets for TransAlta's stock. Their TA share price forecasts range from C$14.00 to C$18.50. On average, they predict the company's stock price to reach C$16.72 in the next year. This suggests a possible upside of 30.8% from the stock's current price.
View analysts price targets for TA
or view top-rated stocks among Wall Street analysts.

How have TA shares performed in 2022?

TransAlta's stock was trading at C$14.05 at the start of the year. Since then, TA shares have decreased by 9.0% and is now trading at C$12.78.
View the best growth stocks for 2022 here
.

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our TA earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (TSE:TA) issued its earnings results on Friday, August, 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.46. The firm had revenue of $458 million for the quarter.

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

TransAlta announced a quarterly dividend on Wednesday, July 27th. Shareholders of record on Thursday, September 1st will be paid a dividend of 0.05 per share on Saturday, October 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for TA
.

Is TransAlta a good dividend stock?

TransAlta (TSE:TA) pays an annual dividend of C$0.20 per share and currently has a dividend yield of 1.55%.
Read our dividend analysis for TA.

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 (TAC), Enbridge (ENB), Manulife Financial (MFC), Bank of America (BAC), Sun Life Financial (SLF), Toronto-Dominion Bank (TD), TC Energy (TRP), Costco Wholesale (COST), Cenovus Energy (CVE) and General Electric (GE).

What is TransAlta's stock symbol?

TransAlta trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TA."

How do I buy shares of TransAlta?

Shares of TA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is TransAlta's stock price today?

One share of TA stock can currently be purchased for approximately C$12.78.

How much money does TransAlta make?

TransAlta (TSE:TA) has a market capitalization of C$3.46 billion and generates C$2.65 billion in revenue each year.

How many employees does TransAlta have?

The company employs 1,282 workers across the globe.

How can I contact TransAlta?

TransAlta's mailing address is Calgary Alberta T2p 2mi 110 12th Ave SW Station, Stn M PO Box 1900, CALGARY, AB T2P 2M1, Canada. The official website for the company is www.transalta.com. The company can be reached via phone at +1-403-2674724.

This page (TSE:TA) was last updated on 8/18/2022 by MarketBeat.com Staff

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