TransAlta Corporation (NYSE:TAC) Receives $22.25 Consensus Target Price from Brokerages

Posted by George Bondi on Jul 8th, 2026

TransAlta Corporation (NYSE:TAC – Get Free Report) (TSE:TA) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.25.

A number of analysts have recently issued reports on TAC shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of TransAlta in a report on Thursday, April 16th. Scotiabank upgraded shares of TransAlta to a “strong-buy” rating in a research note on Wednesday, June 10th. BMO Capital Markets started coverage on shares of TransAlta in a research report on Wednesday, June 10th. They issued an “outperform” rating for the company. TD Cowen initiated coverage on shares of TransAlta in a report on Wednesday, June 10th. They set a “buy” rating on the stock. Finally, Weiss Ratings raised shares of TransAlta from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th.

Get Our Latest Stock Analysis on TransAlta

TransAlta Trading Up 3.5%

TAC stock opened at $14.08 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 6.61. The company has a market cap of $4.45 billion, a price-to-earnings ratio of -26.08 and a beta of 0.69. The business has a fifty day simple moving average of $13.31 and a 200-day simple moving average of $13.06. TransAlta has a 52 week low of $10.28 and a 52 week high of $17.88.

TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $406.19 million during the quarter, compared to the consensus estimate of $436.36 million. TransAlta had a positive return on equity of 9.52% and a negative net margin of 9.46%. On average, equities research analysts expect that TransAlta will post 0.22 EPS for the current year.

Institutional Investors Weigh In On TransAlta

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in TransAlta in the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC raised its stake in shares of TransAlta by 37.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 812 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of TransAlta during the fourth quarter valued at approximately $50,000. Warren Street Wealth Advisors LLC acquired a new position in shares of TransAlta during the fourth quarter worth $129,000. Finally, Ritter Alpha LP purchased a new position in shares of TransAlta in the fourth quarter valued at $131,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

About TransAlta

(Get Free Report)

TransAlta Corporation, originally founded in 1909 as Calgary Power Company Ltd., is a publicly traded energy company specializing in the development, ownership and operation of power generation and transmission assets. Headquartered in Calgary, Alberta, TransAlta has grown from its early hydroelectric roots into a diversified energy provider with a multi-fuel generating fleet.

The company’s core business activities encompass power generation, asset management and energy trading services.