Atb Cap Markets Comments on TransAlta’s Q4 Earnings (TSE:TA)

TransAlta Co. (TSE:TA) (NYSE:TAC) – Investment analysts at Atb Cap Markets increased their Q4 2026 earnings estimates for shares of TransAlta in a report released on Tuesday, August 5th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.16 per share for the quarter, up from their prior forecast of $0.15.

A number of other equities analysts have also commented on the company. Desjardins dropped their price objective on TransAlta from C$16.00 to C$14.00 and set a “hold” rating on the stock in a research note on Tuesday, May 6th. Jefferies Financial Group upgraded shares of TransAlta from a “hold” rating to a “buy” rating and upped their target price for the company from C$12.00 to C$20.00 in a research note on Thursday, June 12th. Scotiabank upgraded shares of TransAlta from a “hold” rating to a “strong-buy” rating and boosted their price objective for the stock from C$16.00 to C$20.00 in a report on Friday, July 18th. CIBC increased their target price on shares of TransAlta from C$18.50 to C$20.00 in a research note on Thursday, July 10th. Finally, TD Securities boosted their price target on TransAlta from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$19.22.

TransAlta Stock Performance

TA stock opened at C$16.74 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The company has a market capitalization of C$5.03 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of -0.07 and a beta of 0.93. TransAlta has a 12 month low of C$10.95 and a 12 month high of C$21.22. The firm has a 50 day moving average of C$15.38 and a two-hundred day moving average of C$14.40.

About TransAlta

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company’s revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.