TransAlta Co. (TSE:TA) Given Average Rating of “Buy” by Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has been assigned an average recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$15.80.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. CIBC upped their price objective on shares of TransAlta from C$18.00 to C$18.50 and gave the company an “outperform” rating in a research note on Monday, February 26th. BMO Capital Markets lowered their price target on shares of TransAlta from C$17.00 to C$16.00 and set an “outperform” rating for the company in a report on Monday, February 26th. National Bankshares lowered their price target on shares of TransAlta from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Tuesday, January 30th. Finally, TD Securities lowered their price target on shares of TransAlta from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, February 26th.

TransAlta Price Performance

TA stock opened at C$8.35 on Friday. TransAlta has a one year low of C$8.23 and a one year high of C$13.97. The stock has a market cap of C$2.57 billion, a PE ratio of 3.58, a P/E/G ratio of -0.07 and a beta of 0.89. The firm has a 50 day simple moving average of C$9.01 and a two-hundred day simple moving average of C$10.22. The company has a debt-to-equity ratio of 253.18, a current ratio of 0.91 and a quick ratio of 0.62.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings data on Friday, February 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.45). TransAlta had a net margin of 20.71% and a return on equity of 43.58%. The business had revenue of C$624.00 million during the quarter. On average, analysts predict that TransAlta will post 0.4700714 EPS for the current fiscal year.

About TransAlta

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.