TransAlta Receives Consensus Recommendation of “Hold” from Analysts (NYSE:TAC)
Shares of TransAlta (NYSE:TAC) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, ARN reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.50.
A number of research firms have recently commented on TAC. Analysts at TheStreet upgraded shares of TransAlta from a “sell” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at National Bank Financial reiterated a “sector perform” rating on shares of TransAlta in a research note on Monday, May 5th. Finally, analysts at Canaccord Genuity initiated coverage on shares of TransAlta in a research note on Monday, May 5th. They set a “buy” rating on the stock.
Shares of TransAlta (NYSE:TAC) traded down 0.73% during mid-day trading on Thursday, hitting $12.23. The stock had a trading volume of 22,419 shares. TransAlta has a 52 week low of $11.20 and a 52 week high of $14.75. The stock has a 50-day moving average of $12.01 and a 200-day moving average of $12.18. The company’s market cap is $3.324 billion.
TransAlta (NYSE:TAC) last announced its earnings results on Tuesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. On average, analysts predict that TransAlta will post $0.37 earnings per share for the current fiscal year.
TransAlta Corporation (NYSE:TAC), is engaged in the production and sale of electric energy.
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