TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) has been given a C$26.00 price objective by equities research analysts at TD in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 48.74% from the company’s current price.
Other analysts have also recently issued reports about the company. Desjardins lifted their price objective on TransAlta from C$18.00 to C$18.50 and gave the company a “hold” rating in a research report on Wednesday. National Bank Financial lifted 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. ATB Cormark Capital Markets set a C$28.00 price objective on TransAlta and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada set a C$24.00 price objective on TransAlta and gave the company an “outperform” rating in a research report on Wednesday. Finally, Scotia set a C$27.00 price objective on TransAlta and gave the company a “sector outperform” rating in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.95.
Read Our Latest Stock Analysis on TA
TransAlta Trading Up 0.5%
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.The company had revenue of C$560.00 million for the quarter.
Insider Transactions at TransAlta
In other news, insider Christopher Douglas Fralick sold 36,453 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of C$17.90, for a total value of C$652,508.70. Following the sale, the insider directly owned 46,939 shares of the company’s stock, valued at C$840,208.10. The trade was a 43.71% decrease in their position. Also, insider Jane Nyla Fedoretz sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of C$18.25, for a total value of C$182,500.00. Following the completion of the sale, the insider directly owned 49,906 shares in the company, valued at approximately C$910,784.50. This represents a 16.69% decrease in their ownership of the stock. In the last ninety days, insiders have purchased 20,450 shares of company stock valued at $361,748 and have sold 95,953 shares valued at $1,707,409. Insiders own 0.21% of the company’s stock.
About TransAlta
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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