Jefferies Financial Group Issues Pessimistic Forecast for TransAlta (TSE:TA) Stock Price

TransAlta (TSE:TA) (NYSE:TAC) had its price target decreased by analysts at Jefferies Financial Group from C$27.00 to C$22.00 in a research report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 27.83% from the company’s previous close.

TA has been the subject of a number of other research reports. Royal Bank Of Canada upped their price target on TransAlta from C$20.00 to C$24.00 in a report on Monday, November 10th. CIBC boosted their target price on shares of TransAlta from C$25.00 to C$26.00 in a research report on Wednesday, December 17th. National Bankshares raised their price target on shares of TransAlta from C$18.00 to C$22.00 and gave the company a “sector perform” rating in a report on Wednesday, December 10th. Desjardins lifted their price target on shares of TransAlta from C$16.50 to C$21.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Natl Bk Canada cut shares of TransAlta from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, TransAlta has an average rating of “Moderate Buy” and a consensus target price of C$24.50.

TransAlta Stock Performance

TSE:TA opened at C$17.21 on Wednesday. The firm’s fifty day simple moving average is C$18.44 and its 200 day simple moving average is C$18.76. 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 twelve month low of C$11.16 and a twelve month high of C$25.03. The firm has a market capitalization of C$5.11 billion, a price-to-earnings ratio of -26.89, a PEG ratio of -0.07 and a beta of 0.60.

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 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.