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Newalta (TSE: NAL) received a number of ratings updates from brokerages and research firms in the last week:

  • Newalta had its price target raised by analysts at Canaccord Genuity from C$20.00 to C$20.50. They now have a “hold” rating on the stock.
  • Newalta had its price target raised by analysts at RBC Capital from C$21.00 to C$23.00. They now have an “outperform” rating on the stock.
  • Newalta was upgraded by analysts at Mackie from a “hold” rating to a “buy” rating. They now have a C$22.70 price target on the stock, up previously from C$20.00.
  • Newalta had its price target raised by analysts at National Bank Financial from C$22.00 to C$23.00. They now have an “outperform” rating on the stock.

Shares of Newalta Co. (TSE:NAL) traded down 0.09% during mid-day trading on Monday, hitting $21.17. 700 shares of the company’s stock traded hands. Newalta Co. has a 1-year low of $14.81 and a 1-year high of $21.75. The stock’s 50-day moving average is $20.62 and its 200-day moving average is $19.76. The company has a market cap of $1.183 billion and a P/E ratio of 81.50.

Newalta (TSE:NAL) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.07. On average, analysts predict that Newalta Co. will post $1.19 earnings per share for the current fiscal year.

Newalta Corporation (TSE:NAL) is a Canada-based company.

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