TransAlta - TA Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TA shares.
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6 equities research analysts have issued 12-month target prices for TransAlta's shares. Their TA share price forecasts range from C$14.00 to C$17.50. On average, they anticipate the company's share price to reach C$16.50 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price.
View analysts price targets for TA or view top-rated stocks among Wall Street analysts.

TransAlta's stock was trading at C$14.05 at the beginning of 2022. Since then, TA stock has decreased by 8.4% and is now trading at C$12.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our TA earnings forecast.

TransAlta Co. (TSE:TA) issued its quarterly earnings data on Friday, May, 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by $0.02. The business had revenue of $578 million for the quarter, compared to analyst estimates of $571.03 million.

TransAlta announced a quarterly dividend on Monday, November 7th. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.055 per share on Sunday, January 1st. This represents a $0.22 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of C$0.05.
Read our dividend analysis for TA.

TransAlta (TSE:TA) pays an annual dividend of C$0.20 per share and currently has a dividend yield of 1.73%. The dividend payout ratio is 60.61%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TA.

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).

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

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One share of TA stock can currently be purchased for approximately C$12.87.

TransAlta (TSE:TA) has a market capitalization of C$3.47 billion and generates C$2.73 billion in revenue each year.

The company employs 1,282 workers across the globe.

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.