TransAlta Renewables (TSE:RNW) PT Raised to C$13.25 at National Bank Financial

TransAlta Renewables (TSE:RNW) had its price target lifted by National Bank Financial from C$13.00 to C$13.25 in a research report sent to investors on Wednesday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Desjardins reiterated a buy rating on shares of Savaria in a research report on Wednesday, April 24th. Canaccord Genuity lifted their target price on shares of TransAlta Renewables from C$13.00 to C$13.50 in a research report on Tuesday, May 14th. Raymond James reiterated a buy rating and issued a $0.65 target price on shares of DB Commodity Double Short ETN in a research report on Wednesday, May 15th. Finally, CIBC cut shares of TransAlta Renewables from a neutral rating to an underperform rating and lifted their target price for the stock from C$13.00 to C$13.50 in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. TransAlta Renewables presently has an average rating of Hold and an average target price of C$13.16.

Shares of TSE:RNW opened at C$14.10 on Wednesday. The stock has a market cap of $3.72 billion and a PE ratio of 14.94. The stock has a fifty day simple moving average of C$13.83. TransAlta Renewables has a 52 week low of C$9.76 and a 52 week high of C$14.34. The company has a debt-to-equity ratio of 39.78, a quick ratio of 0.91 and a current ratio of 2.03.

TransAlta Renewables (TSE:RNW) last issued its earnings results on Monday, May 13th. The company reported C$0.29 EPS for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.07. The business had revenue of C$127.00 million during the quarter, compared to analysts’ expectations of C$116.40 million. On average, equities research analysts predict that TransAlta Renewables will post 0.8500001 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 31st will be given a $0.0783 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date is Friday, July 12th. TransAlta Renewables’s payout ratio is 99.57%.

About TransAlta Renewables

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 6, 2019, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,414 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

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Analyst Recommendations for TransAlta Renewables (TSE:RNW)

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