TransAlta FY2026 EPS Lowered by National Bank Financial

TransAlta Co. (TSE:TA) (NYSE:TAC) – National Bank Financial lowered their FY2026 earnings estimates for shares of TransAlta in a research note issued on Wednesday, May 7th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $0.26 per share for the year, down from their prior forecast of $0.69.

TA has been the subject of several other reports. TD Securities lifted their target price on shares of TransAlta from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. ATB Capital dropped their price objective on shares of TransAlta from C$19.00 to C$18.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. National Bankshares reduced their target price on TransAlta from C$20.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Desjardins dropped their price target on TransAlta from C$16.00 to C$14.00 and set a “hold” rating for the company in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada cut their price objective on TransAlta from C$23.00 to C$20.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$18.00.

TransAlta Stock Performance

Shares of TA opened at C$12.73 on Monday. TransAlta has a 12-month low of C$9.30 and a 12-month high of C$21.22. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. The company has a market cap of C$3.82 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The stock has a 50-day moving average price of C$12.74 and a 200-day moving average price of C$15.41.

Insider Activity

In other TransAlta news, Senior Officer Joel E. Hunter bought 45,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of C$14.99 per share, with a total value of C$674,752.50. Insiders own 0.21% of the company’s stock.

About TransAlta

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company’s revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.