TransAlta Co. (TSE:TA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been given an average rating of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$24.50.

Several analysts recently commented on TA shares. Desjardins increased their price objective on shares of TransAlta from C$16.50 to C$21.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. National Bankshares raised their price target on shares of TransAlta from C$18.00 to C$22.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 10th. TD Securities boosted their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Jefferies Financial Group cut their target price on TransAlta from C$27.00 to C$22.00 in a research note on Wednesday. Finally, CIBC lifted their target price on TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th.

TransAlta Trading Up 1.2%

Shares of TSE TA opened at C$17.41 on Friday. 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 firm has a 50-day moving average of C$18.38 and a 200 day moving average of C$18.78. The stock has a market cap of C$5.17 billion, a P/E ratio of -27.20, a price-to-earnings-growth ratio of -0.07 and a beta of 0.60.

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

TransAlta Company Profile

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.