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

TransAlta Co. (TSE:TA) (NYSE:TAC) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$24.13.

A number of research firms have weighed in on TA. Royal Bank Of Canada raised their price target on TransAlta from C$20.00 to C$24.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce increased their price target on shares of TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. ATB Cormark Capital Markets boosted their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Jefferies Financial Group cut their target price on shares of TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. Finally, TD Securities lifted their price target on TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th.

TransAlta Stock Performance

Shares of TA opened at C$18.34 on Wednesday. The stock has a market capitalization of C$5.44 billion, a price-to-earnings ratio of -28.66, a PEG ratio of -0.07 and a beta of 0.57. The firm has a fifty day simple moving average of C$17.77 and a 200 day simple moving average of C$19.03. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. TransAlta has a 12 month low of C$11.16 and a 12 month high of C$25.03.

TransAlta Company Profile

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.