TransAlta Co. (TA) Forecasted to Post Q3 2017 Earnings of $0.01 Per Share
TransAlta Co. (TSE:TA) (NYSE:TAC) – Research analysts at National Bank Financial issued their Q3 2017 earnings estimates for shares of TransAlta in a note issued to investors on Monday. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $0.01 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $9.00 target price on the stock.
Separately, Scotiabank set a C$8.00 price target on shares of TransAlta and gave the stock a “sector perform” rating in a research note on Friday, August 11th. Five investment analysts have rated the stock with a hold rating, TransAlta has an average rating of “Hold” and a consensus price target of C$8.00.
COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/18/transalta-co-ta-forecasted-to-post-q3-2017-earnings-of-0-01-per-share.html.
Shares of TransAlta (TSE:TA) opened at 7.59 on Wednesday. The stock has a market capitalization of $2.19 billion and a price-to-earnings ratio of 70.28. The stock’s 50 day moving average is $7.48 and its 200 day moving average is $7.64. TransAlta has a 1-year low of $5.11 and a 1-year high of $8.50.
In related news, Director David Lawrence Mowat acquired 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average price of C$44.75 per share, with a total value of C$55,937.50.
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
Receive News & Ratings for TransAlta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Co. and related companies with MarketBeat.com's FREE daily email newsletter.