TSE:TATransAlta Stock Price, Forecast & News

C$8.74

+0.36 (+4.30 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

C$8.58

Now: C$8.74▼

C$8.91

50-Day Range

C$7.41

MA: C$7.92▼

C$8.49

52-Week Range

C$5.32

Now: C$8.74▼

C$11.23

Volume718,600 shs

Average Volume1.04 million shs

Market CapitalizationC$2.41 billion

P/E RatioN/A

Dividend Yield2.03%

BetaN/A

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 9,331 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
TransAlta has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$11.70, TransAlta has a potential upside of 33.9% from its current price of C$8.74.
Amount of Analyst Coverage
TransAlta has only been the subject of 1 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
TransAlta has received 273 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
TransAlta has received 500 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
TransAlta has received 64.68% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about TransAlta and other stocks. Vote “Outperform” if you believe TA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TA will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
TransAlta is a leading dividend payer. It pays a dividend yield of 2.03%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TransAlta does not have a long track record of dividend growth.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TransAlta insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$2,519,046.00 in company stock and sold C$0.00 in company stock.

0.6 Earnings and Valuation

Earnings Growth
Earnings for TransAlta are expected to grow in the coming year, from C($0.46) to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TransAlta is -18.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of TransAlta is -18.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for TransAlta, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
TransAlta has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.12 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Utilities - Independent Power Producers

Sub-IndustryN/A

SectorUtilities

Current SymbolTSE:TA

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.transalta.com

Phone+1-403-2674724

Debt

Debt-to-Equity Ratio82.88

Current Ratio2.02

Quick Ratio1.06

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E Growth-0.8

Sales & Book Value

Annual SalesC$2.36 billion

Price / Sales1.02

Cash FlowC$1.16 per share

Price / Cash Flow7.55

Book ValueC$6.97 per share

Price / Book1.25

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees1,883

Outstanding Shares275,779,008

Market CapC$2.41 billion

Next Earnings Date8/14/2020 (Estimated)

OptionableOptionable

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TransAlta (TSE:TA) Frequently Asked Questions

How has TransAlta's stock been impacted by COVID-19 (Coronavirus)?

TransAlta's stock was trading at C$7.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TA stock has increased by 14.2% and is now trading at C$8.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TransAlta?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TransAlta.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Friday, August 14th 2020. View our earnings forecast for TransAlta.

How were TransAlta's earnings last quarter?

TransAlta Co. (TSE:TA) released its quarterly earnings results on Tuesday, May, 12th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.02 by $0.04. The company earned $606 million during the quarter. View TransAlta's earnings history.

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

TransAlta announced a quarterly dividend on Monday, April 20th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.043 per share on Wednesday, July 1st. This represents a $0.17 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, May 29th. View TransAlta's dividend history.

What price target have analysts set for TA?

3 Wall Street analysts have issued 12-month price objectives for TransAlta's shares. Their forecasts range from C$9.50 to C$13.00. On average, they anticipate TransAlta's share price to reach C$11.70 in the next twelve months. This suggests a possible upside of 33.9% from the stock's current price. View analysts' price targets for TransAlta.

Has TransAlta been receiving favorable news coverage?

Press coverage about TA stock has trended positive this week, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. TransAlta earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutTransAlta.

Who are some of TransAlta's key competitors?

Some companies that are related to TransAlta include Northland Power (NPI), Mercury NZ (MCY), Contact Energy (CEN), TransAlta Renewables (RNW), Innergex Renewable Energy (INE), Infratil (IFT), Boralex (BLX), Encavis (CAP), Contourglobal (GLO), Drax Group (DRX), New Energy Solar (NEW), Polaris Infrastructure (PIF), Zenith Energy (ZEN), Energy World (EWC) and Powerhouse Energy Group (PHE). View all competitors.

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), Maxar Technologies (MAXR), Altagas (ALA), Cenovus Energy (CVE), Diversified Royalty (DIV), Sun Life Financial (SLF), Suncor Energy (SU) and Toronto-Dominion Bank (TD).

Who are TransAlta's key executives?

TransAlta's management team includes the following people:

Ms. Dawn Lorraine Farrell, Pres, CEO & Director (Age 59)
Mr. Christophe Dehout, Chief Financial Officer
Mr. Brett M. Gellner, Chief Strategy & Investment Officer (Age 55)
Mr. John Harry Kousinioris, Chief Growth Officer (Age 54)
Mr. Wayne Alexander Collins BEng (Elect), BBus, CPEng, GAICD, Exec. Vice-Pres of Coal & Mining Operations

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 and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is TransAlta's stock price today?

One share of TA stock can currently be purchased for approximately C$8.74.

How big of a company is TransAlta?

TransAlta has a market capitalization of C$2.41 billion and generates C$2.36 billion in revenue each year. TransAlta employs 1,883 workers across the globe.

What is TransAlta's official website?

The official website for TransAlta is www.transalta.com.

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 company can be reached via phone at +1-403-2674724.

This page was last updated on 6/6/2020 by MarketBeat.com Staff