TransAlta Co. (TSE:TA) Stock Has Average Target Price of C$24.61 According to Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has received an average rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$24.61.

TA has been the subject of a number of research reports. Desjardins increased their price objective on TransAlta from C$18.50 to C$19.00 and gave the stock a “hold” rating in a report on Friday, July 3rd. Canadian Imperial Bank of Commerce cut their target price on TransAlta from C$26.00 to C$24.50 in a research note on Tuesday, September 22nd.

Insider Buying and Selling at TransAlta

In other TransAlta news, insider Michael Politeski purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of C$17.77 per share, with a total value of C$177,700.00. Following the purchase, the insider directly owned 85,000 shares of the company’s stock, valued at C$1,510,450. The trade was a 13.33% increase in their ownership of the stock. 0.21% of the stock is owned by corporate insiders.

TransAlta Price Performance

TA stock opened at C$18.29 on Monday. The stock has a 50-day moving average price of C$17.35 and a two-hundred day moving average price of C$17.96. The stock has a market cap of C$5.79 billion, a PE ratio of -59.00, a price-to-earnings-growth ratio of -0.07 and a beta of 0.54. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 238.01. TransAlta has a 1 year low of C$15.62 and a 1 year high of C$25.03.

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

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.