Analysts Set TransAlta Co. (TSE:TA) PT at C$24.13

TransAlta Co. (TSE:TA) (NYSE:TAC) has received an average rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$24.13.

A number of brokerages recently issued reports on TA. ATB Cormark Capital Markets increased their price objective on TransAlta from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Canadian Imperial Bank of Commerce lifted their target price on TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th. TD Securities upped their price target on TransAlta from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Jefferies Financial Group lowered their price target on shares of TransAlta from C$27.00 to C$22.00 in a report on Wednesday, January 21st. Finally, Desjardins cut 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 research report on Tuesday, February 10th.

Insider Transactions at TransAlta

In other TransAlta news, insider Jane Nyla Fedoretz sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of C$17.46, for a total value of C$87,300.00. Following the completion of the transaction, the insider directly owned 113,953 shares of the company’s stock, valued at C$1,989,619.38. This trade represents a 4.20% decrease in their position. 0.21% of the stock is owned by corporate insiders.

TransAlta Trading Up 0.7%

Shares of TA stock opened at C$17.18 on Friday. The stock has a market capitalization of C$5.10 billion, a price-to-earnings ratio of -26.84, a PEG ratio of -0.07 and a beta of 0.49. The company’s fifty day simple moving average is C$17.73 and its two-hundred day simple moving average is C$19.15. 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 320.51, a current ratio of 0.73 and a quick ratio of 0.62.

TransAlta (TSE:TA) (NYSE:TAC) last posted its quarterly earnings results on Friday, February 27th. The company reported C($0.06) EPS for the quarter. The company had revenue of C$712.00 million during the quarter. TransAlta had a negative return on equity of 8.84% and a negative net margin of 5.74%.

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.