TransAlta Co. (TSE:TA) Receives Average Rating of “Moderate Buy” from Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$23.33.

TA has been the topic of several analyst reports. Desjardins lifted their target price on TransAlta from C$16.50 to C$21.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Scotiabank lifted their price objective on shares of TransAlta from C$23.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Royal Bank Of Canada boosted their price objective on shares of TransAlta from C$20.00 to C$24.00 in a research note on Monday, November 10th. CIBC raised their target price on shares of TransAlta from C$20.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Jefferies Financial Group lifted their price target on shares of TransAlta from C$20.00 to C$27.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th.

TransAlta Stock Performance

Shares of TSE:TA opened at C$19.88 on Friday. The firm has a 50 day moving average of C$21.57 and a 200 day moving average of C$17.88. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The company has a market capitalization of C$5.90 billion, a price-to-earnings ratio of -31.06, a price-to-earnings-growth ratio of -0.07 and a beta of 0.74. TransAlta has a 52 week low of C$11.16 and a 52 week high of C$25.03.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$674.00 million during the quarter. TransAlta had a net margin of 7.49% and a return on equity of 12.03%.

About TransAlta

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company’s revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.