TransAlta Co. (TSE:TA) Receives C$18.71 Consensus Price Target from Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$18.71.

Several brokerages have commented on TA. Scotiabank cut shares of TransAlta from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$19.00 to C$21.00 in a research report on Thursday, January 30th. TD Securities upped their price objective on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their target price on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. BMO Capital Markets upped their price target on TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. Finally, CIBC lowered shares of TransAlta from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from C$17.00 to C$23.00 in a research note on Wednesday, January 8th.

Insider Activity

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$15.11, for a total transaction of C$377,750.00. Also, Director John Harry Kousinioris sold 35,179 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$20.73, for a total value of C$729,260.67. Insiders have sold 204,763 shares of company stock worth $3,478,670 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

TransAlta Trading Down 0.8 %

TA opened at C$15.38 on Friday. The firm has a 50 day simple moving average of C$18.69 and a 200 day simple moving average of C$14.93. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$21.22. The company has a market cap of C$4.58 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62.

About TransAlta

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.