TransAlta (TSE:TA) Upgraded to Outperform at National Bank Financial

National Bank Financial upgraded shares of TransAlta (TSE:TA) (NYSE:TAC) from a sector perform rating to an outperform rating in a research note published on Tuesday morning,BayStreet.CA reports. They currently have C$22.00 price target on the stock.

Several other analysts have also weighed in on the company. Desjardins decreased their price objective on TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Tuesday, February 10th. ATB Cormark Capital Markets upped their target price on TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Securities raised their target price 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. Jefferies Financial Group decreased their price target on shares of TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, TransAlta presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.25.

TransAlta Stock Up 6.5%

TSE TA opened at C$17.58 on Tuesday. TransAlta has a twelve month low of C$11.16 and a twelve month high of C$25.03. The stock has a market cap of C$5.22 billion, a PE ratio of -27.47, a PEG ratio of -0.07 and a beta of 0.49. The firm has a 50-day simple moving average of C$17.72 and a 200 day simple moving average of C$19.16. The company has a debt-to-equity ratio of 320.51, a quick ratio of 0.62 and a current ratio of 0.73.

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

Insider Activity at TransAlta

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

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.