TransAlta (TSE:TA) Price Target Cut to C$22.00 by Analysts at Jefferies Financial Group

TransAlta (TSE:TA) (NYSE:TAC) had its price target reduced by Jefferies Financial Group from C$27.00 to C$22.00 in a report issued on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the stock. TD Securities upped their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Scotiabank upped their price target on shares of TransAlta from C$23.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. National Bankshares increased their price target on shares of TransAlta from C$18.00 to C$22.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 10th. ATB Capital lifted their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Finally, CIBC upped their target price on TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$24.50.

TransAlta Trading Down 4.1%

Shares of TSE:TA opened at C$17.11 on Wednesday. The business’s 50 day simple moving average is C$18.50 and its 200 day simple moving average is C$18.77. TransAlta has a 1 year low of C$11.16 and a 1 year high of C$25.03. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The company has a market capitalization of C$5.08 billion, a P/E ratio of -26.73, a P/E/G ratio of -0.07 and a beta of 0.60.

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 company had revenue of C$674.00 million for the quarter. TransAlta had a net margin of 7.49% and a return on equity of 12.03%.

About TransAlta

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.