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

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$23.33.

A number of equities research analysts recently weighed in on TA shares. Natl Bk Canada lowered shares of TransAlta from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of TransAlta from C$20.00 to C$24.00 in a research note on Monday, November 10th. Desjardins boosted their price target on TransAlta from C$16.50 to C$21.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Scotiabank increased their price objective on TransAlta from C$23.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Jefferies Financial Group lifted their target price on TransAlta from C$20.00 to C$27.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th.

TransAlta Stock Performance

Shares of TransAlta stock opened at C$19.88 on Friday. 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 stock’s fifty day moving average is C$21.57 and its two-hundred day moving average is C$17.88. TransAlta has a 52 week low of C$11.16 and a 52 week high of C$25.03. The company has a market capitalization of C$5.90 billion, a PE ratio of -31.06, a price-to-earnings-growth ratio of -0.07 and a beta of 0.74.

TransAlta (TSE:TA) (NYSE:TAC) last released its earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$674.00 million for the quarter. TransAlta had a return on equity of 12.03% and a net margin of 7.49%.

TransAlta Company Profile

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.