TransAlta - TA Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TA shares.
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6 Wall Street analysts have issued 1-year price targets for TransAlta's stock. Their TA share price forecasts range from C$14.00 to C$17.50. On average, they predict the company's stock 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.
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TransAlta's stock was trading at C$14.05 at the beginning of the year. Since then, TA shares have 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.
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TransAlta Co. (TSE:TA) released its quarterly earnings results on Friday, May, 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.02. The firm had revenue of $578 million for the quarter, compared to the consensus estimate of $571.03 million.

TransAlta declared a quarterly dividend on Monday, November 7th. Shareholders of record on Thursday, December 1st will be given a dividend of 0.055 per share on Sunday, January 1st. This represents a $0.22 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost 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."

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.
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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.