TransAlta Reaches New 1-Year Low at $11.18 (TAC)
TransAlta (NYSE:TAC) hit a new 52-week low on Friday , Stock Ratings News reports. The stock traded as low as $11.18 and last traded at $11.24, with a volume of 81,431 shares. The stock had previously closed at $11.29.
Several analysts have recently commented on the stock. Analysts at Scotiabank cut their price target on shares of TransAlta from C$15.00 to C$14.00 in a research note on Thursday, July 31st. They now have a “sector perform” rating on the stock. Analysts at TheStreet upgraded shares of TransAlta from a “sell” rating to a “hold” rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.75.
The stock has a 50-day moving average of $11.81 and a 200-day moving average of $12.01. The company’s market cap is $3.081 billion.
TransAlta (NYSE:TAC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.08. On average, analysts predict that TransAlta will post $0.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a dividend of $0.1673 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Wednesday, August 27th.
TransAlta Corporation (NYSE:TAC), is engaged in the production and sale of electric energy.
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