TransAlta (TSE:TA) Price Target Cut to C$18.00 by Analysts at Desjardins

TransAlta (TSE:TA) (NYSE:TAC) had its price target lowered by Desjardins from C$19.00 to C$18.00 in a report issued on Tuesday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

A number of other equities analysts have also recently issued reports on TA. TD Securities upped their price target on shares of TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Natl Bk Canada downgraded shares of TransAlta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Canadian Imperial Bank of Commerce boosted their price objective on shares of TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th. Scotiabank increased their target price on TransAlta from C$23.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Jefferies Financial Group decreased their price target on TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$24.13.

TransAlta Price Performance

Shares of TA opened at C$17.96 on Tuesday. TransAlta has a fifty-two week low of C$11.16 and a fifty-two week high of C$25.03. The firm’s 50-day simple moving average is C$17.90 and its two-hundred day simple moving average is C$18.97. The stock has a market cap of C$5.33 billion, a PE ratio of -28.06, a price-to-earnings-growth ratio of -0.07 and a beta of 0.57. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74.

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.