TransAlta Co. (TSE:TA) Receives C$25.00 Average PT from Analysts

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$25.00.

Several equities research analysts have weighed in on TA shares. Scotia set a C$27.00 price target on TransAlta and gave the stock a “sector outperform” rating in a research report on Wednesday, June 10th. Scotiabank raised TransAlta to a “strong-buy” rating in a report on Wednesday, June 10th. Desjardins lifted their price target on TransAlta from C$18.50 to C$19.00 and gave the company a “hold” rating in a research report on Friday, July 3rd. ATB Cormark Capital Markets set a C$28.00 price target on TransAlta and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, National Bank Financial raised their price objective on shares of TransAlta from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st.

TransAlta Stock Performance

TA opened at C$19.32 on Friday. TransAlta has a 12-month low of C$15.62 and a 12-month high of C$25.03. The company has a current ratio of 0.76, a quick ratio of 0.61 and a debt-to-equity ratio of 317.20. The firm has a market capitalization of C$6.11 billion, a PE ratio of -25.76, a P/E/G ratio of -0.07 and a beta of 0.75. The firm has a 50 day moving average of C$18.97 and a two-hundred day moving average of C$18.17.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.06 EPS for the quarter. The business had revenue of C$560.00 million for the quarter. TransAlta had a negative net margin of 7.73% and a negative return on equity of 11.56%.

Insiders Place Their Bets

In other news, insider Michael Politeski purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The shares were bought at an average price of C$19.58 per share, for a total transaction of C$195,800.00. Following the completion of the transaction, the insider owned 75,000 shares in the company, valued at C$1,468,500. This represents a 15.38% increase in their ownership of the stock. Also, insider Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock in a transaction on Thursday, May 21st. The shares were sold at an average price of C$18.25, for a total transaction of C$182,500.00. Following the completion of the transaction, the insider directly owned 49,906 shares of the company’s stock, valued at C$910,784.50. The trade was a 16.69% decrease in their position. Over the last three months, insiders have purchased 30,450 shares of company stock worth $557,548 and have sold 25,000 shares worth $445,000. Corporate insiders own 0.21% of the company’s stock.

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.