TransAlta - TA Stock Forecast, Price & News

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.