TransAlta Co. Expected to Earn Q1 2022 Earnings of $0.08 Per Share (TSE:TA)

TransAlta Co. (TSE:TAGet Rating) (NYSE:TAC) – Analysts at National Bank Financial issued their Q1 2022 earnings estimates for TransAlta in a research report issued to clients and investors on Monday, April 25th. National Bank Financial analyst P. Kenny expects that the company will earn $0.08 per share for the quarter.

TransAlta (TSE:TAGet Rating) (NYSE:TAC) last issued its earnings results on Thursday, February 24th. The company reported C($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.07 by C($0.26). The company had revenue of C$610.00 million during the quarter.

A number of other research firms also recently commented on TA. CSFB upped their price objective on shares of TransAlta from C$17.00 to C$18.00 in a research note on Wednesday, April 20th. Credit Suisse Group upped their target price on TransAlta to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, April 20th. TD Securities dropped their price target on TransAlta from C$17.50 to C$17.00 and set a “buy” rating on the stock in a research report on Wednesday, January 12th. ATB Capital increased their target price on TransAlta from C$16.50 to C$17.00 in a research report on Wednesday, December 29th. Finally, CIBC increased their price target on TransAlta from C$16.50 to C$17.00 in a research note on Tuesday, January 11th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$16.00.

TSE:TA opened at C$13.88 on Wednesday. The firm has a market cap of C$3.77 billion and a price-to-earnings ratio of -6.53. TransAlta has a 1-year low of C$10.82 and a 1-year high of C$14.75. The firm’s fifty day moving average price is C$12.97 and its 200 day moving average price is C$13.37. The company has a debt-to-equity ratio of 154.34, a current ratio of 1.14 and a quick ratio of 0.77.

About TransAlta (Get Rating)

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.

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