TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) has received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$25.00.
A number of brokerages have recently issued reports on TA. Royal Bank Of Canada set a C$24.00 target price on shares of TransAlta and gave the company an “outperform” rating in a report on Wednesday, June 10th. ATB Cormark Capital Markets set a C$28.00 price target on TransAlta and gave the stock an “outperform” rating in a report on Wednesday, June 10th. TD set a C$26.00 price target on TransAlta and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Scotiabank upgraded TransAlta to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, National Bank Financial raised their price objective on TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, June 1st.
Get Our Latest Research Report on TA
TransAlta Price Performance
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.06 EPS for the quarter. TransAlta had a negative net margin of 7.73% and a negative return on equity of 11.56%. The firm had revenue of C$560.00 million during the quarter.
Insiders Place Their Bets
In other TransAlta news, insider Jane Nyla Fedoretz sold 10,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of C$18.25, for a total value of C$182,500.00. Following the transaction, the insider directly owned 49,906 shares in the company, valued at C$910,784.50. The trade was a 16.69% decrease in their ownership of the stock. Also, insider Michael Politeski acquired 10,000 shares of the company’s stock in a transaction dated Friday, June 19th. The stock was bought at an average cost of C$19.58 per share, for a total transaction of C$195,800.00. Following the completion of the transaction, the insider directly owned 75,000 shares of the company’s stock, valued at approximately C$1,468,500. This trade represents a 15.38% increase in their ownership of the stock. In the last 90 days, insiders purchased 30,450 shares of company stock worth $557,548 and sold 25,000 shares worth $445,000. 0.21% of the stock is currently owned by corporate insiders.
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.
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