Should I buy or sell TransAlta stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TA shares. View TA analyst ratings or view top-rated stocks .

What is TransAlta's stock price target for 2024?

9 analysts have issued 1-year price targets for TransAlta's shares. Their TA share price targets range from C$13.00 to C$18.50. On average, they predict the company's stock price to reach C$15.55 in the next twelve months. This suggests a possible upside of 74.9% from the stock's current price. View analysts price targets for TA or view top-rated stocks among Wall Street analysts .

How have TA shares performed in 2024?

TransAlta's stock was trading at C$11.02 at the start of the year. Since then, TA shares have decreased by 19.3% and is now trading at C$8.89. View the best growth stocks for 2024 here .

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024. View our TA earnings forecast .

How were TransAlta's earnings last quarter?

TransAlta Co. (TSE:TA) released its earnings results on Friday, February, 23rd. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by $0.45. The company earned $624 million during the quarter. TransAlta had a net margin of 20.71% and a trailing twelve-month return on equity of 43.58%.

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

TransAlta announced a quarterly dividend on Tuesday, November 21st. Stockholders of record on Friday, March 1st will be paid a dividend of 0.06 per share on Monday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, February 29th. This is a boost from the stock's previous quarterly dividend of C$0.06. Read our dividend analysis for TA .

Is TransAlta a good dividend stock?

TransAlta (TSE:TA) pays an annual dividend of C$0.24 per share and currently has a dividend yield of 2.74%. The dividend payout ratio is 10.30%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for TA .

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) , 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) .

How do I buy shares of TransAlta?

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. Compare Top Brokerages Here .

TSE:TA

TransAlta (TA) Stock Price, News & Analysis

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Free TA Stock Alerts

C$8.89

+0.04 (+0.45%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$8.78
▼
C$8.98
50-Day Range: C$8.35
▼
C$9.90
52-Week Range: C$8.22
▼
C$13.97

Volume: 1.16 million shs
Average Volume: 953,001 shs
Market Capitalization: C$2.73 billion

P/E Ratio: 3.82
Dividend Yield: 2.70%
Price Target: C$15.55

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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TransAlta MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 74.9% Upside
C$15.55 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
C$17,671 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.84 out of 5 stars

4.5

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 7 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
TransAlta has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for TA.

1.7

Dividend Strength

Dividend Yield
TransAlta pays a meaningful dividend of 2.74%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
TransAlta does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of TransAlta is 10.30%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TA.

1.1

News and Social Media Coverage

News Sentiment
TransAlta has a news sentiment score of 0.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for TransAlta this week, compared to 4 articles on an average week.
Search Interest
Only 4 people have searched for TA on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added TransAlta to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TransAlta insiders have bought 12,989.63% more of their company's stock than they have sold. Specifically, they have bought C$17,671.00 in company stock and sold C$135.00 in company stock.
Percentage Held by Insiders
Only 0.20% of the stock of TransAlta is held by insiders.
Percentage Held by Institutions
68.22% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of TransAlta is 3.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of TransAlta is 3.82, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 80.88.
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 4.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About TransAlta Stock (TSE:TA)

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario. The Wind and Solar segment has a net ownership interest of approximately 2,057 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, Ontario, New Brunswick, and Québec in Canada; the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States; and the state of Western Australia. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta, Ontario, Michigan, and the state of Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW of owned coal electrical-generating capacity, as well as operates the Skookumchuck hydro facility in Centralia; and engages in the highvale mine and the mine reclamation activities. The Energy Marketing segment is involved in the trading of power, natural gas, and environmental products. It serves customers in various industry segments, including commercial real estate, municipal, manufacturing, industrial, hospitality, finance, and oil and gas. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

TA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TA Stock News Headlines

March 19, 2024 | insidertrades.com

Todd John Stack Buys 2,000 Shares of TransAlta Co. (TSE:TA) Stock

April 19, 2024 | finance.yahoo.com

Shareholders May Be More Conservative With TransAlta Corporation's (TSE:TA) CEO Compensation For Now

April 19, 2024 | Crypto 101 Media (Ad)

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April 18, 2024 | msn.com

Stocks Climb Thursday

April 17, 2024 | markets.businessinsider.com

Scotiabank Keeps Their Buy Rating on TC Energy (TRP)

April 14, 2024 | americanbankingnews.com

TransAlta Co. (TSE:TA) Given Average Rating of "Buy" by Brokerages

April 12, 2024 | finance.yahoo.com

10 Most Undervalued Stocks to Buy for Under $20

April 12, 2024 | americanbankingnews.com

TransAlta (TSE:TA) Hits New 1-Year Low at $8.34

April 19, 2024 | Crypto 101 Media (Ad)

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April 11, 2024 | finance.yahoo.com

Why TransAlta Corporation (TSE:TA) Looks Like A Quality Company

April 5, 2024 | theglobeandmail.com

Closing Bell: Transalta Corporation Pref Ser D up on Tuesday (TA-PR-G)

April 4, 2024 | finance.yahoo.com

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April 4, 2024 | msn.com

Eligibility forces another resignation from Kananaskis I.D. council

April 4, 2024 | msn.com

Alberta invests $600K in nuclear study as premier targets development before 2035

April 1, 2024 | finance.yahoo.com

TransAlta (TAC) Dips More Than Broader Market: What You Should Know

March 26, 2024 | wsj.com

TransAlta Corp. Pfd. Series C

March 22, 2024 | msn.com

TransAlta enters an automatic buyback program

March 18, 2024 | ca.sports.yahoo.com

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March 18, 2024 | ca.news.yahoo.com

Canadian home sales fall 3.1% in February

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March 18, 2024 | ca.finance.yahoo.com

AFRICA OIL ANNOUNCES OFFER TO MINORITY SHAREHOLDERS IN IMPACT OIL & GAS

March 18, 2024 | ca.finance.yahoo.com

Economists expect inflation rate ticked up above 3% last month amid higher gas prices

March 17, 2024 | msn.com

Asia shares up on China data, await clutch of central bank meetings

March 17, 2024 | msn.com

Nerves stretched, China data dump kicks off key week

March 17, 2024 | ca.news.yahoo.com

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See More Headlines

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Company Calendar

Last Earnings: 2/23/2024
Ex-Dividend for 4/1 Dividend: 2/29/2024
Dividend Payable: 4/01/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/03/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Utilities
Industry: Utilities - Independent Power Producers
Sub-Industry: N/A
Current Symbol: TSE:TA
CUSIP: N/A
CIK: N/A
Web: www.transalta.com
Phone: +1-403-2674724
Fax: N/A
Employees: 1,257
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$15.55
High Stock Price Target: C$18.50
Low Stock Price Target: C$13.00
Potential Upside/Downside: +74.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.33
Trailing P/E Ratio: 3.82
Forward P/E Ratio: 18.91
P/E Growth: -0.07
Net Income: C$644 million
Net Margins: 20.71%
Pretax Margin: N/A
Return on Equity: 43.58%
Return on Assets: 6.92%

Debt

Debt-to-Equity Ratio: 253.18
Current Ratio: 0.91
Quick Ratio: 0.62

Sales & Book Value

Annual Sales: C$3.36 billion
Price / Sales: 0.81
Cash Flow: C$2.09 per share
Price / Cash Flow: 4.25
Book Value: C$1.94 per share
Price / Book: 4.58

Miscellaneous

Outstanding Shares: 307,520,000
Free Float: N/A
Market Cap: C$2.73 billion
Optionable: Not Optionable
Beta: 0.89

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Key Executives

Mr. John Harry Kousinioris (Age 58)
President, CEO & Director
Comp: $2.31M
Mr. Todd John Stack (Age 56)
Executive VP of Finance & CFO
Comp: $1.04M
Ms. Jane Nyla Fedoretz
Executive VP of People & Culture and Chief Administrative Officer
Ms. Kerry O'Reilly Wilks (Age 45)
Executive Vice President of Growth & Energy Marketing
Comp: $1.13M
Mr. Chris Fralick
Executive Vice President of Generation
Chiara Valentini
Manager of Investor Relations
Ms. Stacey Hatcher
Manager of Communications
Ms. Maria Perry
MD of People & Talent
Mr. Aron John Willis (Age 49)
Executive Vice President of Project Delivery & Construction
Comp: $847.87k
Mr. Gary Woods
Managing Director of Gas & Renewables

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

TA Stock Analysis - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TA shares.
View TA analyst ratings or view top-rated stocks.
What is TransAlta's stock price target for 2024?: 9 analysts have issued 1-year price targets for TransAlta's shares. Their TA share price targets range from C$13.00 to C$18.50. On average, they predict the company's stock price to reach C$15.55 in the next twelve months. This suggests a possible upside of 74.9% from the stock's current price.
View analysts price targets for TA or view top-rated stocks among Wall Street analysts.
How have TA shares performed in 2024?: TransAlta's stock was trading at C$11.02 at the start of the year. Since then, TA shares have decreased by 19.3% and is now trading at C$8.89.
View the best growth stocks for 2024 here.
When is TransAlta's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our TA earnings forecast.
How were TransAlta's earnings last quarter?: TransAlta Co. (TSE:TA) released its earnings results on Friday, February, 23rd. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by $0.45. The company earned $624 million during the quarter. TransAlta had a net margin of 20.71% and a trailing twelve-month return on equity of 43.58%.

How often does TransAlta pay dividends? What is the dividend yield for TransAlta?: TransAlta announced a quarterly dividend on Tuesday, November 21st. Stockholders of record on Friday, March 1st will be paid a dividend of 0.06 per share on Monday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, February 29th. This is a boost from the stock's previous quarterly dividend of C$0.06.
Read our dividend analysis for TA.
Is TransAlta a good dividend stock?: TransAlta (TSE:TA) pays an annual dividend of C$0.24 per share and currently has a dividend yield of 2.74%. The dividend payout ratio is 10.30%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TA.
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), 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).
How do I buy shares of TransAlta?: 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.
Compare Top Brokerages Here.

This page (TSE:TA) was last updated on 4/19/2024 by MarketBeat.com Staff

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TransAlta (TA) Stock Price, News & Analysis

TransAlta MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About TransAlta Stock (TSE:TA)

TA Stock Price History

TA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™