TransAlta (TSE:TA) (NYSE:TAC) had its price objective hoisted by investment analysts at BMO Capital Markets from C$7.50 to C$8.50 in a research note issued on Tuesday. BMO Capital Markets’ price objective points to a potential upside of 14.09% from the stock’s previous close.

Several other research analysts have also recently commented on the company. National Bank Financial increased their price target on TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 7th. CIBC increased their price target on TransAlta from C$8.00 to C$8.50 in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$8.44.

TSE:TA opened at C$7.45 on Tuesday. TransAlta has a 1 year low of C$6.31 and a 1 year high of C$8.18.

TransAlta (TSE:TA) (NYSE:TAC) last posted its earnings results on Friday, August 3rd. The company reported C($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.36). The business had revenue of C$446.00 million during the quarter, compared to analyst estimates of C$538.76 million. TransAlta had a negative net margin of 6.46% and a negative return on equity of 4.34%.

In other TransAlta news, insider Douglas French acquired 1,000 shares of the stock in a transaction dated Monday, August 20th. The stock was purchased at an average cost of C$48.51 per share, with a total value of C$48,510.00.

TransAlta Company Profile

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

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Analyst Recommendations for TransAlta (TSE:TA)

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