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

TransAlta Co. (TSE:TA) (NYSE:TAC) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$24.13.

A number of research analysts recently issued reports on TA shares. Desjardins decreased their price objective on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce raised their price objective on TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. ATB Cormark Capital Markets lifted their target price on TransAlta from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Royal Bank Of Canada boosted their target price on TransAlta from C$20.00 to C$24.00 in a research note on Monday, November 10th. Finally, TD Securities raised their price target on TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th.

TransAlta Price Performance

Shares of TA opened at C$18.34 on Wednesday. The stock has a market cap of C$5.44 billion, a P/E ratio of -28.66, a price-to-earnings-growth ratio of -0.07 and a beta of 0.57. TransAlta has a 1 year low of C$11.16 and a 1 year high of C$25.03. The stock’s 50-day moving average price is C$17.77 and its two-hundred day moving average price is C$19.03. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66.

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.