TransAlta Co. (TSE:TA) Given Consensus Recommendation of “Buy” by Analysts

TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) has earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$25.00.

A number of research firms have weighed in on TA. Royal Bank Of Canada set a C$24.00 price objective on shares of TransAlta and gave the company an “outperform” rating in a report on Wednesday, June 10th. Scotiabank raised shares of TransAlta to a “strong-buy” rating in a research note on Wednesday, June 10th. Desjardins raised their target price on TransAlta from C$18.50 to C$19.00 and gave the company a “hold” rating in a research report on Friday, July 3rd. National Bank Financial lifted their price target on TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, 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.

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Insider Buying and Selling

In other TransAlta news, insider Michael Politeski acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of C$17.77 per share, for a total transaction of C$177,700.00. Following the completion of the transaction, the insider directly owned 85,000 shares of the company’s stock, valued at C$1,510,450. This represents a 13.33% increase in their ownership of the stock. Insiders own 0.21% of the company’s stock.

TransAlta Stock Performance

TSE TA opened at C$16.73 on Friday. The stock has a 50-day simple moving average of C$17.96 and a two-hundred day simple moving average of C$18.11. The firm has a market capitalization of C$5.29 billion, a P/E ratio of -53.97, a PEG ratio of -0.07 and a beta of 0.69. TransAlta has a fifty-two week low of C$15.62 and a fifty-two week high of C$25.03. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.61 and a current ratio of 0.84.

TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last issued its earnings results on Friday, July 31st. The company reported C$0.18 EPS for the quarter. TransAlta had a negative return on equity of 1.50% and a negative net margin of 1.02%.The firm had revenue of C$507.00 million for the quarter.

About TransAlta

(Get Free Report)

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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